In addition to the other reasons (especially performance related) you can only host a single domain per IP address* when using HTTPS.
A single server can support multiple domains in HTTP because the Server HTTP header lets the server know which domain to respond with.
With HTTPS, the server must offer its certificate to the client during the initial TLS handshake (which is before HTTP starts). This means that the Server header hasn't been sent yet so there is no way for the server to know which domain is being requested and which certificate (www.foo.com, or www.bar.com) to respond with.
*Footnote: Technically, you can host multiple domains if you host them on different ports, but that is generally not an option. You can also host multiple domains if your SSL certificate is has a wild-card. For example, you could host both foo.example.com and bar.example.com with the certificate * .example.com
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