First things first, Tesla is an electric vehicle company fully driven by the incentive to create clean energy systems.
As per their official communication, they gave this as their reason for action, citing they were concerned about the rapidly increasing use of fossil fuels, especially coal, during the mining of Bitcoins.
For a company striving for Carbon neutrality, the reasoning is quite logical. However, being the devout enthusiast on cryptocurrencies as Elon is, it is hard to believe that he has pumped the digital asset this much and even bought some of his own without carrying out sufficient research.'''
Source: MyCryptoParadise
[url] https://mycryptoparadise.com/teslas-shareholders-pressured-elon-musk-to-drop-bitcoin-payments-kevin-oleary-speculates/[/url]