Elon Musk: You will be able to have Tesla Technology with Bitcoin

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Elon Musk: You will be able to have Tesla Technology with Bitcoin


Tesla CEO Elon Musk stated in a tweet that you can buy Tesla brand electric cars with Bitcoin, the crypto currency, by the end of the year. The system will start first in the USA, then it will be active in other countries.

Tesla CEO’s Elon Muskrecently crypto- money does not fall off the agenda. What Musk did from social media bitcoin After the announcement, crypto coins were suddenly on the agenda.

After Elon Musk’s statements about crypto money, it was reported that it will now be possible to buy Tesla vehicles with bitcoin in the USA. The automaker announced last month that it purchased $ 1.5 billion worth of Bitcoin and will soon start accepting the world’s most popular cryptocurrency as a form of payment.

In a statement he made on Twitter, Elon Musk tweeted, “You can now buy a Tesla with Bitcoin”. On a support page on Tesla’s website, he explains how customers can pay for a Tesla using their digital currency.

Elon Musk: You Can Buy Tesla Cars With Bitcoin

Musk said people outside of the United States will soon be able to purchase Tesla vehicles with cryptocurrency “later this year” in their home country. Musk stated that the company uses internal open source software to work with bitcoins and does not convert cryptocurrency to fiat.

In the firm’s refund policy, Tesla informed that if buyers return their electric cars and receive a refund, the company can choose to refund them in US dollars or cryptocurrency.

Tesla states that it reserves the right to refund the customer in US dollars at the exact price the bitcoin was worth at the time of purchase. This move was quite natural after Tesla invested $ 1.5 billion in Bitcoin in January.

This would apparently allow Tesla to take advantage of price fluctuations in cryptocurrency or fiat currency, leaving customers less than they deserve with a straight-through cash transaction-based refund.

Daniel Ives, an analyst at Wedbush, said he did not expect Tesla to start accepting bitcoin payments until the second half of this year, according to a study he did. Let’s see if Tesla vehicles can be purchased with crypto money? In the following days, new on the topic the news will continue to come out. Follow us!

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Source: Technology


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