Does tesla accept cryptocurrency

does tesla accept cryptocurrency

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At the time, Tesla noted that they were not selling after briefly doing it a that they planned to resume after pressure about going against its mission.

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Does tesla accept cryptocurrency Key Points. In its SEC filing, Tesla warned investors of the volatility of bitcoin's price. In a filing with the Securities and Exchange Commission , the company said it bought the bitcoin for "more flexibility to further diversify and maximize returns on our cash. Musk has gotten into trouble for his market moving tweets in the past, but it's unclear how that applies to his tweets about cryptocurrencies. The company also said it would start accepting bitcoin as a payment method for its products. Add Electrek to your Google News feed. Now internet sleuths have spotted that Tesla has added code on its website to accept Bitcoin payment again:.
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0.00719 bitcoin The move could be due to recent reports stating that now more than half of Bitcoin mining is powered by renewable energy. Subscribe to Electrek on YouTube for exclusive videos and subscribe to the podcast. At the time, Tesla noted that they were not selling their stake in Bitcoin and that they planned to resume taking Bitcoin payments once the network showed a higher mix of renewable energy. Fred Lambert's favorite gear. Is Tesla finally going to take Bitcoin payments again? Stay up to date with the latest content by subscribing to Electrek on Google News.

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This compensation may impact how refund overpayments made in Dogecoin.

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Elon Musk Confirms Tesla Has Not Sold From Bitcoin Holdings
In the same month, Tesla said it would begin accepting bitcoin as a form of payment. The company, however, walked back on its intentions in. In February , Tesla made waves in the crypto market by buying $ billion of bitcoin and indicating support for the crypto as a payment. Dogecoin is currently the only digital currency Tesla accepts. Items eligible for purchase include Tesla-branded belt buckles ( Doge or about.
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Article Sources. Tesla's Dogecoin foray comes with several conditions attached. While they make sense in the volatile world of crypto markets, the conditions also demonstrate the reasons why cryptocurrencies have failed to take off as a retail payment mechanism. Bullish group is majority owned by Block. This compensation may impact how and where listings appear.