https://techcrunch.com/2021/05/12/elon-musk-technoking-of-tesla-orders-a-halt-to-bitcoin-car-payments/

Tesla CEO and self-dubbed technoking is back peddling on the company’s stance about bitcoin and has suspended purchases of its electric vehicles with the cryptocurrency.

The change of stance, which was delivered via tweet, comes just weeks after Tesla CFO and dubbed “master of coin” Zach Kirkhorn said the company believes in the longevity of bitcoin, despite its volatility. The tweet from Musk sent the price of bitcoin down more than 4% and falling. The price of bitcoin is down more than 7% for the day, although some of that decrease occurred prior to Musk’s tweet.