House approves amendment that would authorize $8B to speed up the Postal Service’s shift to electric delivery vehicles
Welcome to The Fly’s latest edition of “Charged,” where we look back at some recent analysts’ notes, news and activity in the electric vehicle and clean energy space.
TESLA SUSPENDS PURCHASES USING BITCOIN: Tesla (TSLA) CEO Elon Musk announced via Twitter that, “Tesla has suspended vehicle purchases using Bitcoin. We are concerned about rapidly increasing use of fossil fuels for Bitcoin mining and transactions, especially coal, which has the worst emissions of any fuel.
Cryptocurrency is a good idea on many levels and we believe it has a promising future, but this cannot come at great cost to the environment. Tesla will not be selling any Bitcoin and we intend to use it for transactions as soon as mining transitions to more sustainably energy. We are also looking at other cryptocurrencies that use less than1% of Bitcoin’s energy/transaction.” To see the rest of the story Click Here.