Tesla's Elon Musk reverses course on taking bitcoin, citing climate concerns
Bitcoin, the world's biggest digital currency, fell more than 7% after the tweet and was trading at $52,669
Tesla Inc has suspended the use of bitcoin to purchase its vehicles because of climate concerns, Chief Executive Officer Elon Musk said in a tweet on Wednesday, reversing the company's stance in the face of an outcry from some environmentalists and investors.
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