Why did Tesla stop accepting bitcoin?

With the recent announcement that Tesla has halted accepting Bitcoin payments for its electric vehicles, many in the crypto community are left wondering: Why did this happen? The company had previously embraced the digital currency, citing its potential for reducing transaction costs and facilitating international payments. However, concerns over the environmental impact of bitcoin mining, specifically the high energy consumption involved, have seemingly swayed Tesla's stance. In a recent statement, the company cited these environmental concerns as the primary reason for their decision. This shift in policy has sparked a debate among crypto enthusiasts, investors, and environmentalists alike, highlighting the complexities of balancing innovation and sustainability in the digital currency landscape.