Tesla Investors enthusiastically onboard with Musk’s decision of not accepting bitcoin
Chalking it up to environmental concerns, Elon Musk announces that Tesla will not be accepting Bitcoins in exchange for its cars. His major concern is China’s usage of thermal coal as a source of energy for ‘mining’ the currency. He has however made clear that if the procedure is replaced with a more sustainable method, this decision will definitely be revisited.
The decision has been well received by the investors of the company. Many gave favorable statements in reference to the news. Moreover, they have gone one step forward and have advised other companies in the market to do the same.