Tesla now officially accepts Bitcoins as payment in US
CEO Elon Musk announced it on Twitter. The Californian electric carmaker will now accept Bitcoins as a form of payment to purchase a new Tesla car. As was the case when Musk broke the news about Tesla purchasing $1,5 billion worth of Bitcoins last month, the cryptocurrency rose. This time, it gained 3,8% to $56 508.
Tesla is definitely not doing anything like anybody else. After teasing the news back in February, just as the carmaker bought the equivalent of $1,5 billion in Bitcoins, CEO Elon Musk confirmed on Twitter that Tesla is now accepting the cryptocurrency as payment for the purchase of one of its new electric cars. That being said, at the moment, this is true only in the United States.
Bitcoins or dollars
Contrary to other companies that also accept Bitcoins as a currency, Tesla won’t convert the amount to dollars right away. This follows Musk’s belief in the extremely volatile cryptocurrency. On the company’s website, potential buyers can now choose between two options, dollars or Bitcoin.
If they opt for the latter, they will have a minimal window to transfer the $1 000 deposit or the BTC equivalent. This is due to the extreme highs and lows the currency encounters, proved by this morning’s drop after the excitement of yesterday’s news faded out.
2.69 BTC for Model S Plaid +
At the moment of Musk’s announcement, Americans could buy the most expensive, most powerful, and fastest Tesla yet, the Model S Plaid + ($149 990), for around 2.69 BTC. On the other end of the scale, 1 BTC would easily buy the cheapest Tesla, the Model 3 Standard Range Plus, as it’s priced at $37 990.