Tesla Cars Can Now Be Bought with Bitcoin

Elon Musk announced on his Twitter that Tesla, the world's largest electric car maker, has added Bitcoin as an additional way to pay for its cars.

Tesla has previously made changes to its financial policy to ensure that it could invest in alternative reserve assets, including digital assets. At the same time, Tesla invested $1,5 billion in Bitcoin, which is approximately 7,7% of its cash.

At the same time, Tesla mentioned plans to add Bitcoin as a payment method for its goods in its online store in February. And now it happened. The corresponding button has already appeared in the American online Tesla store, along with the classic payment methods.

The calculation is made directly in Bitcoins without conversion to fiat currency. So far, the Bitcoin payment option is only available in the United States, but later this year, it will become available in other countries. Tesla does not accept any other cryptocurrency besides Bitcoin.

After Musk announced the addition of Bitcoin as a payment method for Tesla cars, the cryptocurrency exchange rate rose by a couple of thousand dollars and exceeded $56,500 per unit.

On March 13, the Bitcoin rate crossed the mark of $60,000 for the first time in history.