Tesla To No Longer Accept Bitcoin For Vehicle Purchase; Bitcoin Sinks

Bitcon price plunged by more than 17 percent after Tesla CEO Elon Musk said that his car company will not accept the cryptocurrency while selling Tesla vehicles, citing environmental concerns. The announcement also negatively impacted Tesla shares. Tesla closed Wednesday's trading at $589.89, down 4.42% or $27.31 on the Nasdaq. Tesla had bought $1.5 billion worth of Bitcoin in February. The next