Analysis: Can you buy a Tesla with bitcoin? How the payments might work

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Tesla Inc expects to allow customers to pay for its electric vehicles with bitcoin soon, the automaker said on Monday, a move that could expand how the most popular cryptocurrency is used for real-world transactions.

FILE PHOTO: A Tesla Model 3 electric vehicle is shown in this picture illustration taken in Moscow, Russia July 23, 2020. REUTERS/Evgenia Novozhenina

The company made the disclosures in a section of its quarterly securities filing that also detailed its purchase of $1.5 billion worth of bitcoin. If customers buy Teslas with bitcoin, the company may or may not liquidate those payments right away - which some experts read as an indication that Tesla might hold on to at least some of the coins and not sell them automatically.

One digital currency enthusiast, Mason Borda, told Reuters he bought a Tesla Model 3 in 2016 using bitcoin through a company called Shakepay. It allowed him to load up a one-time-use credit card with his bitcoin. Tesla received a cash payment. Tesla may eliminate the middle man and create its own processing system that can be used to accept bitcoin and liquidate the payments whenever management chooses to, experts said.

 

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Биткойн перспективное направление. Сейчас находится в цифровом формате Драги собрался их печатать.

One for one!

Elon wants all the Bitcoin

Let my Tesla mine Bitcoin

I’m hoping I can buy my CyberTruck with DogeCoin next year! elonmusk $doge DogecoinToTheMoon

I'm holding out for a cybertruck because I like to own pickups with no actual utility.

Do they take monopoly money? All I have 😢

I'm 5 followers away from 500. Pls Don't drink water after eating fish because the fish will come alive and go glub glub glub glub in your stomach

Can you exchange a Tesla for Bitcoin?

Analysis: China recall of 36k Teslas on top of 130k recalled in US. Elon’s Bitcoin move is obv distraction from fundamental issues. + BC = $$ laundering & enviro harm from excessive power requirements. IOW just because you can, doesn’t mean you should.

Simple, lease a 3 for 0.01 BTC/ month.. by the end of the lease it’ll be about $7K/month.

When I have one then will think about that 😂😂😂

No thank you as long as checks still work. 🤔

hiền...mộc mạc. người tây ninh càng tốt vì mình cũng tây ninh mà :)

Hahahahaha

Yes Im a nigerian prince too.

A handful of mainstream brands have allowed customers to make purchases with bitcoin through third-party processors, but Tesla suggested it might accept bitcoin directly as part of a broader plan to incorporate the cryptocurrency into its investment portfolio.

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