You can now buy a Tesla with Bitcoin – Tesla CEO Elon Musk

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You can now buy a Tesla with Bitcoin – Elon Musk


Tesla CEO Elon Musk has announced that people in the United States can now buy a Tesla using Bitcoin.

Musk said on Twitter that Tesla is using only internal and open-source software and operates Bitcoin nodes directly.

The Bitcoin paid to Tesla to purchase a vehicle will be retained as Bitcoin, and not converted to fiat currency.
 
Will this be a btc price or a converted from usd price?

Tesla dealerships better be ready to turn into a btc trade post of sorts, the actual price paid before and after test drive might seriously surprise you.
 
Interesting bit of economics here: as bitcoin/USD rises, your Tesla gets more expensive by the minute (unless you have lots of bitcoin already).
 
Interesting bit of economics here: as bitcoin/USD rises, your Tesla gets more expensive by the minute (unless you have lots of bitcoin already).
They probally do like everyone else does with bitcoin commerce, list the price in dollars but accept the dollar equivalent in bitcoin. So the price wont change to the end consumer.

What is a bit of interesting economics is he is not going to convert that bitcoin to fiat. So if the price of bitcoin continues its years long trend of increasing, the value that they get from those cars will increase with it
 
They probally do like everyone else does with bitcoin commerce, list the price in dollars but accept the dollar equivalent in bitcoin. So the price wont change to the end consumer.

What is a bit of interesting economics is he is not going to convert that bitcoin to fiat. So if the price of bitcoin continues its years long trend of increasing, the value that they get from those cars will increase with it
I think we're starting to see the impact of the disruption. It's only going to get worse for banks going forward if they don't get involved.
 
Some people might learn about capital gains taxes soon after they acquire their new Tesla...
 
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