UPDATE 6-Tesla’s Musk halts use of bitcoin for car purchases

* Decision comes just weeks after Tesla began accepting bitcoin

* Tesla will retain bitcoin holdings

* Musk reiterates faith in cryptocurrencies

* Bitcoin “mining” under environmental spotlight (Adds fresh analyst comments in paragraphs 11-17)

By Hyunjoo Jin and Kanishka Singh

May 12 (Reuters) – Tesla Inc will no longer accept bitcoin for car purchases, Chief Executive Elon Musk said on Wednesday, citing long-brewing environmental concerns for a swift reversal in the company’s position on the…


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