Elon Musk's Tesla has just stopped paying with bitcoin, but why?

 

Elon Musk's Tesla has just stopped paying with bitcoin, but why?

Palo Alto, California. - Tesla owner and business expert Elon Musk has announced that he will accept bitcoin cryptocurrency as payment for his vehicles.

After taking it to its official handle on Wednesday, Tesla reversed its March 24 announcement, citing environmental reasons, and ended its association with cryptocurrencies.

The co-founder of SpaceX shared a note on its official handle on Wednesday stating: "We are concerned about the increasing use of fossil fuels for bitcoin mining and transactions, especially coal. I'm worried. "