March 24, 2021 / news

Elon Musk’s Tesla Started Selling Cars For Bitcoin

tesla bitcoin

Elon Musk announced the start of sales of Tesla electric cars for Bitcoin in the United States.

Bitcoin payment option will be available outside the US “later this year.” According to Elon Musk, the company has no plans to convert cryptocurrency into fiat money.

On February 8, Tesla announced that it had invested $ 1.5 billion in Bitcoin, after which the asset’s price began to skyrocket. At the same time, the electric car manufacturer announced plans to integrate digital gold as a means of payment for products.

On February 19, Musk called Tesla’s investment in the first cryptocurrency “risky enough.” The billionaire hinted that it was not his decision.

According to analysts at Wedbush Securities, Tesla’s unrealized gains from digital gold were higher than from sales of electric vehicles in 2020. The company also announced the dependence of the company’s share price on the bitcoin rate.

We will remind, the former investment director of Goldman Sachs Gary Black urged Tesla to sell the first cryptocurrency to save stocks.

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