Tesla To Accept Bitcoin Payments Again? Report Says Elon Musk's EV Giant Made Changes To Website
Portfolio Pulse from Benzinga Neuro
Tesla Inc. appears to be preparing to accept Bitcoin payments again after a brief hiatus due to environmental concerns. The company had previously suspended vehicle purchases using Bitcoin due to concerns over its environmental impact, particularly the use of fossil fuels for Bitcoin mining and transactions. However, recent changes to Tesla's website code suggest that the company is preparing to accept Bitcoin payments again, aligning with reports that over half of Bitcoin mining is now powered by renewable energy.
July 21, 2023 | 10:08 am
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POSITIVE IMPACT
Tesla Inc. appears to be preparing to accept Bitcoin payments again. This move could potentially increase sales as it opens up an additional payment method for customers.
Tesla's potential return to accepting Bitcoin payments could increase sales by offering an additional payment method to customers. This could potentially increase the company's revenue and positively impact its stock price.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 100