·        Tesla has bought and sold a lot of the cryptocurrency bitcoin, and was also taking it in payment for EVs but suddenly stopped earlier this month.

·        CEO Elon Musk's cited reason was that mining bitcoin is too hard on the environment; he said Tesla would not accept it for EV purchases until the production of the coin becomes more environmentally friendly.

·        Musk claimed he wouldn't be selling off the company's own bitcoin, and it's likely at least some form of cryptocurrency will be accepted again to buy a Tesla eventually. Meanwhile, there are dealerships around the country that are accepting bitcoin now for other brands.

UPDATE 5/16/2021, 9:30 p.m.: Elon Musk, Tesla CEO, has hinted that he may sell off the company's bitcoin holdings—in classic Musk fashion, via a Twitter response to a post by @CryptoWhale, as Bloomberg reported this evening. The tease caused a sharp drop in the value of the cryptocurrency.

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