Main navigation

BREAKING: Tesla Starts Accepting Bitcoin

News
Wed, 03/24/2021 - 06:58
article image
Alex Dovbnya
You can finally purchase a Tesla car with Bitcoin
BREAKING: Tesla Starts Accepting Bitcoin
Cover image via stock.adobe.com
Read U.TODAY on
Google News

E-car manufacturer Tesla has started accepting Bitcoin, according to a new tweet by CEO Elon Musk, marking a new milestone for the cryptocurrency's adoption. 

The whole fleet of the company's electric cars (Model S, Model Y, Model 3, and Model X) can now be purchased with the help of the largest cryptocurrency in the U.S.    

Tesla
Image by @Excellion

It's important to note that Tesla will keep its coins instead of converting them into U.S. dollars. 

Tesla initially announced that it would start accepting Bitcoin as a form of payment for its products in its 10-K report with the U.S. Securities and Exchange Commission in early February. 

Back then, it also disclosed its $1.5 billion Bitcoin purchase that was a major fillip for Bitcoin's corporate adoption. Rumor has it that Elon Musk's SpaceX purchased the cryptocurrency as well. 

Related
Messaging App Touted by Elon Musk Now Accepts Cryptocurrency Donations

Bitcoin is currently trading just below the $55,000 level.   

article image
About the author

Alex Dovbnya (aka AlexMorris) is a cryptocurrency expert, trader and journalist with extensive experience of covering everything related to the burgeoning industry — from price analysis to Blockchain disruption. Alex authored more than 1,000 stories for U.Today, CryptoComes and other fintech media outlets. He’s particularly interested in regulatory trends around the globe that are shaping the future of digital assets, can be contacted at alex.dovbnya@u.today.