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Thursday, September 12, 2024

Kevin O’Leary named the reason for Tesla refusal to sell cars for bitcoin

According to the businessman, the shareholders put pressure on the head of the company Elon Musk

Canadian businessman Kevin O’Leary believes that Tesla shareholders had a significant impact on Tesla refusal to accept payments in bitcoins, Crypto Potato reports . According to him, Tesla shareholders put pressure on the CEO of the company, Elon Musk. O’Leary himself supports Tesla decision regarding cryptocurrency and believes that a company of this level cannot encourage the burning of coal to mine cryptocurrency.

“Shareholders do not believe that Bitcoin can be used as payment for the purchase of Tesla electric vehicles. And so they probably made him [Elon Musk] make that statement, ”O’Leary added.

In mid-May, Tesla publicly announced that it was suspending accepting bitcoin as a means of payment due to the unsustainable way of mining them. The head of the automaker Elon Musk said on Twitter that Tesla cannot afford to harm the environment, so it will not accept cryptocurrency as payment until it starts mining with renewable energy sources.

Tesla added bitcoin payment for its products on March 24. The company has only made the feature available to US customers and has promised to introduce it in other countries later this year. Elon Musk emphasized that the company would not convert the received cryptocurrency into fiat.

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