You Can Now Buy a Tesla With Bitcoins

You Can Now Buy a Tesla With Bitcoins

Photo credit: Filip Radwanski/ Getty

It has been announced that people in the United States can now purchase a Tesla using bitcoins.

Elon Musk, in a series of tweets made the announcement via social media March 24 and the company already owns $1.5 billion USD worth of bitcoin, which was acquired back in February, so it makes perfect sense.

Musk says the cryptocurrency won’t be converted to fiat money, and Tesla will also be using its’ own nodes of bitcoin. The new method of payment will only be available for Tesla’s customers in the U.S, but planned to expand further beyond the country later this year.

Tesla generated $19 billion USD in cash and equivalents of cash during 2020 and Musk is an ardent promoter of cryptocurrencies.

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