In early 2021, Tesla began to accept Bitcoin for its e-cars, and the company also put a massive amount of BTC on its balance sheet. However, Elon Musk quickly reversed, citing the enormous harm made by Bitcoin miners to the environment.
He then stated that Tesla will resume accepting Bitcoin as soon as BTC mining becomes at least 50% based on renewable sources of energy. The latter happened later the same year, but Tesla has so far not started to take in Bitcoin payments again. However, one can use Dogecoin, the favorite crypto of Elon Musk, to pay for Tesla and SpaceX merchandise in their online stores.
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