Tesla will no longer accept the cryptocurrency bitcoin as payment, the company’s CEO Elon Musk announced on Wednesday. Musk said the abrupt move came because of worries over how much energy bitcoin mining, or production, consumes. “We are concerned about rapidly increasing use of fossil fuels for Bitcoin mining and transactions, especially coal, which has the worst emissions of any fuel,” he said in a statement. The price of one bitcoin dropped about 13 percent to $46,980 after the announcement, though it later rebounded above $50,000. Tesla shares dropped pre-market Wednesday by about 10 percent. Bitcoin is a payment method that uses nodes scattered across the world. It is the most popular cryptocurrency. Tesla disclosed in February that it had bought $1.5 billion worth of bitcoin while revealing plans to accept the currency as a form of payment. Musk has been bullish on bitcoin and other cryptocurrencies, including dogecoin. His …