Tesla stops accepting Bitcoin as payment for its cars.

Three months after Tesla mentioned it will start accepting the cryptocurrency Bitcoin as payment, the electrical carmaker has abruptly reversed course. In a message posted to Twitter on Wednesday, Elon Musk, Tesla’s chief govt, mentioned Tesla had suspended accepting Bitcoin due to concern in regards to the power consumed by…

German Automakers Are Charged Up and Ready to Take on Tesla

HOCKENHEIM, Germany — The Porsche Taycan rocketed from a standstill so fast that my skull banged against the headrest and my vision went blurry. It was a demonstration of what can happen when German engineers apply their brainpower to electric cars. And it offered a clue to how German luxury…