Tesla is citing environmental concerns over Bitcoin as a reason for its decision.

Latest news bulletin | May 1st – Evening

Now playing Next

Latest news bulletin | May 1st – Evening

Moscow sets up exhibition of captured Western military equipment from Ukraine

Now playing Next

Moscow exhibition shows off Western arms captured from Ukraine

Palestinians look at the destruction after an Israeli airstrike in Rafah, Gaza Strip

Now playing Next

Women and children, including a newborn, said to be among the dead

Is hake's remarkable recovery in the Atlantic a sign of hope for our oceans?

Now playing Next

Understanding hake's remarkable recovery in the Atlantic

IN PARTNERSHIP WITH THE EUROPEAN COMMISSION

A building of the Odessa Law Academy is on fire after a Russian missile attack in Odessa, Ukraine, April 29, 2024

Now playing Next

Ukraine's ‘Harry Potter Castle’ hit in Russian missile attack

A demonstrator stands between opposition protesters who gather to protest against 'the Russian law' in Tbilisi, April 30, 2024

Now playing Next

Police crack down on Georgia rally against 'Russian law'

Demonstrators participate on a May Day march, in Nuremberg, Germany, May 1, 2024

Now playing Next

Protests across the world on May Day

How can you contribute to a greener world? Insights from Graz, Austria and Berlin

Now playing Next

Discover grassroots environmentalism in Graz, Austria and Berlin

IN PARTNERSHIP WITH THE EUROPEAN COMMISSION

Want to foster climate action through video? Meet the EU Climate Pact Ambassador who films his work

Now playing Next

'Have the courage to act,' says Dima Bass, EU Climate Pact Ambassador

IN PARTNERSHIP WITH THE EUROPEAN COMMISSION

President of the European Commission Ursula von der Leyen talks during a session at the European Parliament, Tuesday, April 23, 2024 in Strasbourg, eastern France.

Now playing Next

Von der Leyen condemns police violence against protesters in Georgia

How working abroad can kickstart careers for young NEETs

Now playing Next

How working abroad can kickstart careers for young NEETs

IN PARTNERSHIP WITH THE EUROPEAN COMMISSION

Updated: 04/10/2021 - 14:15

Video. Tesla will stop accepting Bitcoin over environmental concerns

"We are concerned about rapid increasing use of fossil fuels for Bitcoin mining and transactions," Tesla CEO Elon Musk said.

Read full article

More from Money

An orb, a spherical iris scanning device used by Worldcoin.

Now playing Next

Worldcoin's iris ID technology will extend to companies and government

The Bank of England raised interest rates to their highest level since late 2008

Now playing Next

Why is inflation higher in the UK than in the EU?

A customer enters the Silicon Valley Bank Private branch in Pasadena, California, on Monday, March 13, 2023.

Now playing Next

Silicon Valley Bank collapse: Is my money safe in Europe and the UK?

A pedestrian passes a Silicon Valley Bank branch in San Francisco, Monday, March 13, 2023.

Now playing Next

Fact check: What's true in the blame game over SVB's collapse?

Latest video

From sword dancing to modern theatre, performing arts are on a show in Qatar

Now playing Next

Performing arts in Qatar: sword dances and modern theatre

IN PARTNERSHIP WITH MEDIA CITY

Now playing Next

EU celebrates 'Big Bang' anniversary with a splash of colour

A pro-Israel supporter walks with an American flag near the pro-Palestinian encampment on UCLA campus (AP Photo/Jae C. Hong)

Now playing Next

Los Angeles police break up pro-Palestinian protest at UCLA

Sweden prepares for Eurovision amidst fears of protests, cyberattacks and unrest

Now playing Next

How is Sweden preparing for the most controversial Eurovision yet?

As light rain falls, New York City police officers take people into custody near the Columbia University campus in New York, Tuesday, April 30, 2024

Now playing Next

New York mayor says at least 300 arrested in pro-Palestinian protests

A group of people thought to be migrants are brought in to Dover by the Border Force following a small boat incident in the Channel on April 23, 2024

Now playing Next

Ireland to begin sending asylum seekers back to the UK 'by end of May'

French baker Tony Dore prepares baguettes, like those that will be served during the. Olympic Games, April 30, 2024

Now playing Next

French chefs to serve gourmet treats at Paris Olympics

Adds for Germany's main politcal parties are displayed in Frankfurt, Germany, Wednesday, Sept. 15, 2021.

Now playing Next

EU elections: Christian Democrats lead the polls in Germany

Does having flat feet make you more susceptible to health problems?

Now playing Next

Fact-check: Does having flat feet bring health problems?

Piotr Zubrzycki waves a Polish, right, and a EU flag to celebrate the EU enlargement

Now playing Next

Comfort and scepticism: Poland marks 20 years of EU membership

Police officers check a migrant in a makeshift camp, early Tuesday, April 23, 2024 in Paris.

Now playing Next

French police clear migrant camp near Paris city hall before Olympics

June 6, 2018 picture, a child gets a dose of vaccine in Chitila, Romania. An outbreak of measles has killed dozens of infants and children in Romania, with 200 new cases repor

Now playing Next

Parents urged to vaccinate children amid rise in measles cases

FILE - Swedish pop group ABBA celebrate winning the 1974 Eurovision Song Contest on stage at the Brighton Dome in England with their song Waterloo, April 6, 1974.

Now playing Next

The display consists of artefacts, costumes and live performances

Italy's Environment and Energy Security Minister Gilberto Pichetto Fratin during G7 press conference in Turin, Italy (Alberto Gandolfo/LaPresse via AP)

Now playing Next

G7 countries to phase out coal use by 2035 - with some concessions

Britain's King Charles III arrives to visit to the University College Hospital Macmillan Cancer Centre in London, Tuesday April 30, 2024. (Suzanne Plunkett, Pool Photo via AP)

Now playing Next

UK's King Charles visits cancer treatment charity

German Chancellor Olaf Scholz.

Now playing Next

German chancellor says Islamist rally will be met with 'consequences'