You Can Now Buy a Tesla With Bitcoin
Tesla is letting customers in the US pay for their Tesla using Bitcoin. Buyers in other countries will have to wait a bit longer to pay for their new rides in Bitcoin, but Tesla has plans to expand this form of payment soon.
You Can Now Pay for Your Tesla in Bitcoin
Elon Musk, the self-proclaimed Technoking of Tesla, turned to Twitter to announce that Tesla now accepts Bitcoin as payment.
You can now buy a Tesla with Bitcoin
— Elon Musk (@elonmusk) March 24, 2021
In the thread, Musk also mentioned that "Tesla is using only internal & open source software & operates Bitcoin nodes directly. Bitcoin paid to Tesla will be retained as Bitcoin, not converted to fiat currency." He also said that Bitcoin payments will be accepted in other countries "later this year."
If you’re considering buying a Tesla using Bitcoin, it’s worth reading the fine print. Tesla has a support page, as well as a terms and conditions page dedicated to its policies surrounding Bitcoin payments.
Are Bitcoin Payments a Step Forward for Tesla?
Tesla has already invested $1.5 billion into Bitcoin, and it’s only a matter of time before other companies follow its example.
Some have criticized Tesla’s investment, as the process of mining Bitcoin consumes a ton of energy. In other words, this doesn’t necessarily align with Tesla’s sustainable values.
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March 24, 2021 at 10:37AM