You can now purchase a Tesla with bitcoin, says Elon

Home » Electric Vehicles

Reading time icon 1 min. read

Calendar icon Published on

by Surur Davids 

published on

Share this article

Readers help support MSpoweruser. We may get a commission if you buy through our links. Tooltip Icon

Read our disclosure page to find out how can you help MSPoweruser sustain the editorial team Read more

Elon Musk today announced that they have completed the capability to allow consumers to purchase one of their vehicles with Bitcoin.

Tesla promised the capability in February and Elon says Tesla will operate the feature using only internal & open source software and operates Bitcoin nodes directly.

Elon Musk says Tesla will not be converting the Bitcoin to the US Dollar, but will presumably retain it to realise further gains.

Telsa famously invested $1.5 billion in Bitcoin in February this year, an investment that has already appreciated tremendously by more than 40% since then.

This is also likely a bit reason why Tesla will not get many takers – at present Bitcoin is largely an investment vehicle like gold rather than a currency actually used to purchase items.

The feature is only available in the USA at present, but Tesla hopes to expand it more widely later.

More about the topics: bitcoin, elon musk, Tesla

Surur Davids

Surur Davids Shield

Smartphone Expert

Surur Davids is the founder of WMPoweruser which later became MSPoweruser.com. He's a smartphone expert with over a decade of experience.