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Buy a Tesla and pay for it in Bitcoin

Buy a Tesla and pay for it in Bitcoin, Tesla CEO Elon Musk said that US customers can now buy the company’s cars using Bitcoin.

Buy a Tesla and pay for it in Bitcoin

  • Musk announced the news in a tweet he posted on his Twitter account on Wednesday, writing: “You can now buy a Tesla car with Bitcoin.”
  • In a follow-up tweet, Musk added that the bitcoin paid to Tesla would not be converted by the electric car company into regular currency.
  • He also clarified that the option to pay with Bitcoin will be available outside the US later this year.
  • Shortly after Musk’s tweet, the price of Bitcoin rose nearly 3% to $56,242.
  • That’s more than it costs to buy a primitive Tesla Model 3, which costs just under $40,000.
Buy a Tesla and pay for it in Bitcoin
Buy a Tesla and pay for it in Bitcoin

Buy Tesla cars with Bitcoin

  • The Tesla Model X Plaid is the most expensive of the company’s cars, with a starting price of about $120,000, which is a little more than two bitcoins.
  • Tesla previously indicated its plans to accept digital currency from buyers in a filing with the Securities and Exchange Commission last month.
  • When she said she expects to “begin accepting bitcoin as a payment method for our products in the near future, initially on a limited basis.”

Bitcoin vs Tesla car

  • The company also announced at the time that it would invest $1.5 billion in bitcoin as part of a strategy to “invest a portion of the company’s cash in some specific alternative reserve assets.”
  • Earlier this year, Musk, who in the past has expressed skepticism about cryptocurrencies, said.
  • During an interview on the social app Clubhouse, he believes that Bitcoin is on the verge of “gaining wide acceptance by traditional finance experts”.
  • He added that he should have bought the digital currency 8 years ago.

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