Elon Musk says Tesla may accept Bitcoin again, but there's big a catch

Tesla CEO Elon Musk has discussed if Tesla will ever accept Bitcoin as a form of payment for its electric vehicles.

Musk appeared at a cryptocurrency conference organized by Twitter CEO Jack Dorsey, where he answered questions regarding cryptocurrency and Bitcoin. Musk was asked if Tesla would accept Bitcoin as payment for its vehicles, to which Musk said that if Bitcoin's renewable energy usage was at 50% of above, then Tesla "will most likely resume accepting Bitcoin".

Here's what Musk said, "It looks like bitcoin is shifting a lot more toward renewables and a bunch of heavy-duty coal plants that were being used...have been shut down, especially in China." Not long ago, Beijing started its crackdown on Bitcoin mining, which caused Bitcoin miners to flee to the United States to resume production with renewable energy in mind.

Musk says that Tesla will most likely accept Bitcoin as payment after he has confirmed that "the percentage of renewable energy usage is most likely at or above 50% and that there is a trend toward increasing that number. If so, Tesla will most likely resume accepting bitcoin."

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