Money
Why Tesla has suspended vehicle purchasing using Bitcoin
Tesla has suspended payments using Bitcoin, due to environmental concerns.
The world’s second-richest man announced on Twitter that Tesla will now suspend vehicle purchases using Bitcoin due to concerns over the increasing use of fossil fuels to mine Bitcoin transactions.
Bitcoin has been known to use more electricity than the entire country of Argentina, long becoming a target of environmental groups.
Bitcoin, the world’s biggest digital currency, fell more than 7% after the tweet and was trading at $52,669 .
Musk said Tesla would not sell any bitcoin and intends to use bitcoin for transactions as soon as mining transitions to more sustainable energy.
“We are concerned about the rapidly increasing use of fossil fuels for Bitcoin mining and transactions, especially coal, which has the worst emissions of any fuel.”
“We are also looking at other cryptocurrencies that use <1% of bitcoin’s energy/transaction,” Musk said.
Bitcoin’s annual energy consumption is comparable to some entire countries, such as Argentina and Ukraine.
Bitcoin produces 36 megatons of carbon dioxide annually – which is comparable to New Zealand and it is estimated that in 30 years Bitcoin could alone increase global temperatures 2 degrees Celsius.
Many investors saw Tesla’s decision to accept Bitcoin as payment for vehicles as the first step towards legitimising the cryptocurrency.
Bitcoin has long been the target of environmental groups
Bitcoin’s annual energy consumption is comparable to some entire countries, like Argentina and Ukraine.
The crypto-currency produces 36 megatons of carbon dioxide annually – which is comparable to New Zealand.
ticker’s crypto expert Stephan Livera joined us a little earlier and says the decision by Tesla is contradictory.
It is estimated that in 30 years Bitcoin could increase global temperatures by 2 degrees Celsius.
China leads the world for the most bitcoin mining.
Microsoft founder Bill Gates, has also weighed in on the debate… he says bitcoin uses more electricity per transaction than any other method known to humanity.
US dollar weakens as Trump comments; Australian dollar gains from commodity prices and RBA rate hike expectations
The US dollar is coming under pressure as the economy remains strong and President Trump comments on its decline. We explore how this is impacting major currencies around the world and what it means for investors.
Meanwhile, the Australian dollar is benefiting from rising commodity prices and growing expectations of an RBA rate hike. Global investors are increasingly drawn to Australia’s bond market as economic conditions shift.
Currency trading strategies are adapting to this changing landscape, with potential implications for interest rates and international markets. Steve Gopalan from SkandaFX breaks down the trends.
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#USDDollar #AustralianDollar #ForexTrading #RBA #InterestRates #GlobalEconomy #CurrencyMarket #Ticker
Money
Wall Street slides as AI spending raises investor concerns
Wall Street dips as AI spending scrutiny rises; Microsoft struggles while Meta thrives. Tune in for insights!
Wall Street dips as AI spending scrutiny rises; Microsoft struggles while Meta thrives.
Wall Street closed lower on Thursday, with the Nasdaq leading losses as investors questioned whether Big Tech’s massive AI spending will pay off. Microsoft shares tumbled after revealing record AI infrastructure costs, while Meta rallied on strong earnings and a bullish outlook.
Kyle Rodda from Capital.com joins us to explain what spooked markets, which tech names are holding up, and whether AI budgets are getting too big.
We also discuss rate expectations, macro risks, and what to watch in the upcoming earnings season.
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Money
Tesla brand value plummets amid Elon Musk’s political focus
Tesla’s brand value plummeted to $27.61 billion in 2025 amid Musk’s political shift, sparking investor concern.
Tesla’s brand value plummeted to $27.61 billion in 2025 amid Musk’s political shift, sparking investor concern.
Tesla’s brand value plummeted by $15.4 billion in 2025, falling to $27.61 billion from $66.2 billion in early 2023. Analysts say Elon Musk’s political focus and a slowdown in new models have distracted the company’s core business.
In the U.S., Tesla’s recommendation score sank to just 4 out of 10, down from 8.2 in 2023. Despite this, loyalty among existing owners remains high at 92 per cent, showing a strong but shrinking fan base.
#TeslaNews #ElonMusk #BrandValue
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