Tesla invests $ 1.5 billion in bitcoin and will accept it as a payment method

Tesla has announced an investment of $ 1.5 billion, or about 1.24 billion euros, in bitcoin and plans to accept virtual currency as a form of payment.

Tesla innovates. Again. The American manufacturer has invested $ 1.5 billion , or about 1.24 billion euros, in bitcoin . Even louder, the brand announced that it plans to accept virtual currency as a means of payment for its electric vehicles.

The move comes days after Tesla boss and founder Elon Musk temporarily changed his Twitter mini-description to simply #bitcoin.

Bitcoin, a financial asset with a sulphurous reputation

The announcement, made in a document addressed to the US Stock Exchange Constable, the Securities and Exchange Commission (SEC), is a mark of confidence in cryptocurrency as regulators around the world still view it as a used financial asset. for illegal transactions , including money laundering.

The Californian firm explains for its part having recently changed its investment policy in order to diversify its sources of liquidity. In this context, Tesla’s board of directors authorized the company to invest in various financial assets, including bitcoin.

A bitcoin is worth a Model Y

Anyway, following this operation, the price of bitcoin literally soared on Monday February 8, reaching a new peak, at more than $ 44,000.

Across the Atlantic, in theory, only one bitcoin is enough to buy the Model Y , Tesla’s new electric SUV, displayed at the base price of $ 41,990.


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