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Natick Service Council updates
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Tesla Backtracked on Accepting Bitcoin, but There Are Car Dealers That Take It Clifford Atiyeh
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.