Elon Musk Suspends Tesla Bitcoin Payments
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On May 12, 2021, Elon Musk tweeted that Tesla would suspend Bitcoin payments for vehicle purchases, citing environmental concerns over mining energy use. The announcement triggered a sharp BTC price drop within hours, wiping out millions in market value as CT erupted with frustration and memes. Many accused Musk of market manipulation, given Tesla's earlier BTC buy, while others debated the validity of his green stance. This moment cemented Elon's polarizing role in crypto sentiment swings. CT still references this tweet as peak 'Elon FUD' drama.