As both a Tesla shareholder and a Bitcoin holder, I think it’s time Tesla starts accepting bitcoin for payments again.

Tesla currently holds hundreds of millions of dollars in Bitcoin on their balance sheet. 

Tesla accepted bitcoin for Tesla purchases for a very short time in 2021 but then quit accepting it due to concerns about the emissions from bitcoin mining.
His “rules” laid out above in a tweet June 13th, 2021 was that Tesla would resume accepting Bitcoin when bitcoin mining was using greater than 50% green energy. It has been clearly shown by the Bitcoin Mining Council that bitcoin mining is 59.9% green! 

“Based on this data, the global bitcoin mining industry’s sustainable electricity mix has improved marginally to 59.9% and remains one of the most sustainable industries globally,” the report stated. – Bitcoin Mining Council

Direct link to Bitcoin Mining Council Q2 2023 report. 

This is well above the goal set by Elon for Tesla of 50%. Because of this, I think Tesla should immediately start accepting Bitcoin for payments again.

Of course Elon could be waiting for “reasons”.

One might be that he expects whenever Tesla starts accepting Bitcoin to have a small flood of buyers. He might be waiting for this until a time that he perceives that he needs a small demand boost? This is my only speculation on why he hasn’t started accepting bitcoin yet.I hope Elon will have a chat with Michael Saylor (Chairman of Microstrategy, the largest corporate holder of Bitcoin and also an instrumental figure in the Bitcoin Mining Council) soon!

So Elon, what are you waiting for?