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Tesla begins accepting Bitcoin as payment for cars

Cryptocurrency NewsMar 24, 2021 07:22
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© Reuters

By Samuel Indyk

Investing.com – Electric vehicle maker Tesla Inc (NASDAQ:TSLA) has confirmed that customers can now use Bitcoin as a payment method for its vehicles.

The company first suggested this would be the case in recent filings with the SEC when they also said they had bought $1.5bln worth of Bitcoin to diversify their reserves.

“We expect to begin accepting bitcoin as a form of payment for our products in the near future, subject to applicable laws and initially on a limited basis, which we may or may not liquidate upon receipt,” the car maker said in a statement in February.

Musk Tweets

In a series of tweets this morning, Elon Musk confirmed the news.

“You can now buy a Tesla with Bitcoin,” Musk tweeted.

The service is currently only available for customers in the US but Musk added that ‘Pay by Bitcoin’ capability outside the US will be available later this year.

Musk also added that the Bitcoin paid to Tesla will be retained as Bitcoin and not converted to fiat currency.

Tesla begins accepting Bitcoin as payment for cars
 

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Comments (15)
Jade Bautista
Jade Bautista Mar 25, 2021 10:25
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BTC only moves on hype and influencer news essentially acting like TSLA stock, no fundamentals backing the price increase. Elon will try pump the price to take profit. To think that buying a Tesla is going to make an fundamental impact on BTC is ludicrous. Crypto and Blockchain are amazing technologies but until there are really fundamentals backing them, Crypto is just a speculation tool. If BTC sinks again you will see all the long holders and funds talk ****about it again. Best price for BTC is between $6k to $10k. When it maintains these levels it will be a viable digital currency.
Marko Pejic
Marko Pejic Mar 24, 2021 20:24
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If Musk likes DOGE that much why not let use DOGE as well for purchasing tesla equipment....
Sean Hell
xSTROMx Mar 24, 2021 16:34
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Could this be for self gain?  Or the start of the future?
Anon Anon
Anon Anon Mar 24, 2021 10:41
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How to create a bigger bubble? Ans: By combining with another bubble.
Ashrawi Yolo
Ashrawi Yolo Mar 24, 2021 10:41
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Whatever..u already lose oppurtunity to buy at low price?
Alex wan
Alex wan Mar 24, 2021 10:41
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Ashrawi Yolo waiting it turn zero in a blink when gov impose law to govern this and you will then know what a bubble is physically loo
Kamrooz Varzi
Kamrooz Varzi Mar 24, 2021 9:42
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why would anyone use their bitcoin to buy a tesla lol imagine you do and the price of bitcoin doubles, that would be one expensive tesla
jan hui
jan hui Mar 24, 2021 9:42
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Depends how you look at it. If you did buy with bitcoin you’re converting a digital “asset” into something tangible in the real world
Allan Orr
Allan Orr Mar 24, 2021 9:42
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Why do you think wants you to pay in btc
Allan Orr
Allan Orr Mar 24, 2021 9:42
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Musk
Peter Lewis
Petelewis1994942 Mar 24, 2021 9:42
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The price of the Tesla decreases from the moment you purchase it too. Overpriced rubbish.
Julian Underwood
Julian Underwood Mar 24, 2021 9:42
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if those who bought bitcoin at a very very early stage ... they can easily buy numerous Teslas.. they can afford it.. it's nothing for them
Theo Marshall
Theo Marshall Mar 24, 2021 9:01
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The SEC will be on to him immediately as part of a money laundering probe.
Asghar Ali
Asghar Ali Mar 24, 2021 8:55
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03101217926
Ian Aitken
Ian Aitken Mar 24, 2021 8:50
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Strong play by Elon
Michael Song
Michael Song Mar 24, 2021 8:33
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manipulator
VioLaTor Spawn
VioLaTor Spawn Mar 24, 2021 8:23
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seems like he's trying to pump up his own stock again
Olayinka Akinsida
Olayinka Akinsida Mar 24, 2021 8:16
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scam
Ahmad Nawaz
Ahmad Nawaz Mar 24, 2021 7:39
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Good for bitcoin
Ashrawi Yolo
Ashrawi Yolo Mar 24, 2021 7:39
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Very good..im glad i got in in 30k
Wayne Andrews
Wayne Andrews Mar 24, 2021 7:39
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Scam
Antonín Páral
Antonín Páral Mar 24, 2021 7:35
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bullish
Ashrawi Yolo
Ashrawi Yolo Mar 24, 2021 7:27
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