Elon Musk calls for a carbon tax

May 13, 2021 5:03 PM EDT

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(Updated - May 13, 2021 5:11 PM EDT)

Tesla (NASDAQ: TSLA) CEO Elon Musk called for a carbon tax Thursday.

"It is high time there was a carbon tax!," Musk tweeted to his millions of followers.

Musk added, "To be clear, I strongly believe in crypto, but it can’t drive a massive increase in fossil fuel use, especially coal."

Musk shook the cryptocurrency market Wednesday evening after saying the EV maker would stop accepting Bitcoin payments for their vehicles amid the high fossil fuel usage used in Bitcoin mining.

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