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Tesla's Bitcoin Conundrum: Renewable Energy Progress Yet No Payment Resumption

Jun 16, 2024

Tesla's Bitcoin Conundrum: Renewable Energy Progress Yet No Payment Resumption
Tesla's Bitcoin Conundrum: Renewable Energy Progress Yet No Payment Resumption
Tesla's Bitcoin Conundrum: Renewable Energy Progress Yet No Payment Resumption

Despite Bitcoin mining's renewable energy usage reportedly surpassing 50%, Tesla has not resumed Bitcoin payments. Concerns over data transparency and verifiability in the mining industry's energy disclosures remain significant. Accurate data collection is challenging, with discrepancies among various research methods complicating the situation. Regulatory uncertainties and the potential for public relations impacts also play a role in Tesla and Elon Musk's decision-making process regarding reinstating Bitcoin as a payment option​.