Tesla vehicles can now be bought using bitcoin

By
Reuters
Tesla Inc CEO Elon Musk speaks onstage during a delivery event for Tesla China-made Model 3 cars at its factory in Shanghai, China January 7, 2020. Photo: Reuters/File

Tesla vehicles can now be bought using bitcoin and the option will be available outside the United States later this year, said Tesla Inc chief Elon Musk Wednesday.

Read more: Bitcoin price jumps over 22% to an all-time high after Tesla investment announcement

"You can now buy a Tesla with bitcoin," he tweeted here on Wednesday. "Bitcoin paid to Tesla will be retained as Bitcoin, not converted to fiat currency."

Last month, Tesla revealed it had purchased $1.5 billion of bitcoin and would soon accept it as a form of payment for cars, sending the price of the world’s most popular cryptocurrency soaring.