·
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.
Read Full Story At caranddriver.com >>
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