Some environmentalists and investors reacted angrily to Tesla.
Tesla has suspended the vehicle purchases using Bitcoin. Tesla CEO bitcoin posted a photo statement on his Twitter handle about the company's new stance on Bitcoin.
Investors dropped $50 billion from Tesla Inc’s market value on Tuesday despite CEO Elon Musk’s promise to cut electric vehicle costs so radically that a $25,000 car that drives itself will be possible, but not for at least three years.
The United States has imposed restrictions on exports to China’s biggest chip maker SMIC after concluding risk, equipment supplied to it could be used for military purposes.