Musk decries bitcoin’s ‘insane’ energy use after Tesla payment U-turn

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By Hyunjoo Jin and Subrat Patnaik (Reuters) -Tesla Inc boss Elon Musk on Thursday denounced the “insane” amount of energy used to produce bitcoin, doubling down on his sudden rejection of the cryptocurrency as a means of payment over environmental concerns. Musk, one of bitcoin’s most ardent backers, tweeted a graph of bitcoin’s power consumption and said: “Energy usage trend over past few months is insane.” ( That followed his tweet from Wednesday saying Tesla would no longer accept the cryptocurrency as payment for its electric cars because it came at a great cost to t…

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