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Why Tesla Stock Dropped Today

TheMotleyFool

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Shares of Tesla (NASDAQ: TSLA) fell 4.8% on Wednesday after CEO Elon Musk announced that customers could now purchase its electric vehicles with Bitcoin (CRYPTO: BTC).

Tesla disclosed in February that it invested $1.5 billion in Bitcoin. It said at the time that it expected to begin accepting the cryptocurrency as a form of payment for its vehicles "in the near future." Today, Musk made it official.

Tesla is betting big on Bitcoin. Image source: Getty Images.

Source Fool.com

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