Tesla motors is now taking bitcoin as payment for cars, CEO Elon Musk says cnbc.com

Tesla CEO Elon Musk said Americans can now use bitcoin to buy a Tesla vehicle. Getty Images via Marketwatch

Tesla CEO Elon Musk announced on Tuesday that customers can now buy Tesla vehicle.

“You can now buy a Tesla with Bitcoin,” Musk tweeted.

You can now buy a Tesla with Bitcoin

— Elon Musk (@elonmusk) March 24, 2021

Last month, the automaker revealed that it had bought $1.5 billion worth of bitcoin and that it would soon start accepting the world’s most popular cryptocurrency as a form of payment.

A support page on Tesla’s website explains how customers can pay for a Tesla using the digital currency. The company’s electric vehicles typically cost between $37,990 and $124,000 before tax.

People outside the U.S. will be able to buy a Tesla with bitcoin “later this year,” Musk said, without specifying which countries.

In order to accept the payment, Musk said Tesla is using “internal” and “open source software.”

Tesla chief Elon Musk said that the company's electric vehicles can now be bought using #bitcoin, marking a significant step forward for the cryptocurrency's use in commerce. Read more https://t.co/50w4Tt12Nv $TSLA pic.twitter.com/SCh9X80oHY

— Reuters Business (@ReutersBiz) March 25, 2021

He added that Tesla “operates bitcoin nodes directly.” Nodes are computers on bitcoin’s network that work to verify transactions and avoid the cryptocurrency from being spent twice.

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