Welcome to the Tech Meme Ride Home for Thursday, May 13th, 2021. I'm Brian McCullough

today. The whims of Elon Musk go both ways when it comes to crypto markets.

SpaceX signs a deal with Google Cloud to do battle with AWS and the Kuiper Project.

Colonial Pipeline reportedly paved the ransom and is now getting back online will Facebook's crypto project

ever end up seeing the light of day part 12 and the ethereal creator donates

crypto to help India here's what you missed today in the world of tech. So Elon Musk did a

thing. Last night he announced an abrupt change in policy, mere weeks after

saying Tesla would accept Bitcoin as payment for Tesla vehicles,

Musk said Tesla would no longer accept Bitcoin for vehicle purchases due to Bitcoin's high environmental cost.

Musk said he is now on the hunt for more environmentally friendly

cryptocuracies.

Which, yeah, we've been kicking around articles debating the environmental cost of proof of work blockchains.

And so there were not a few people who pointed out the, shall we call it, contradiction of

Tesla, the company whose stated mission is to wean the automotive world off of fossil fuels

embracing a technology that many think is too energy-hungry, quoting the verge.

Musk also said that Tesla will no longer sell any more of the $1.5 billion stash of

Bitcoin that it purchased earlier this year.

Tesla had sold some of that Bitcoin in the first quarter of 2021, which

wound up helping pad the company's quarterly profit figures. Tesla says it would

resume accepting Bitcoin and would consider selling more of it, once the process of mining

Bitcoin, quote, transitions to more sustainable energy, according to the statement.

The company is also, quote, looking at other cryptocurrencies that use less than 1% of

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