You Can Now Buy a Tesla with Bitcoin, Says Elon Musk

Tesla Inc’s [NASDAQ: TSLA] CEO Elon Musk made a bombshell disclosure on Wednesday morning after he took to Twitter and disclosed that cryptocurrency could now be utilized to acquire the electric vehicles of Tesla. He wrote: “You can buy a Tesla with Bitcoin.” Bitcoin reached a new record high level after the declaration of Tesla’s CEO.

Elon Musk further added: “Tesla is using only internal & open source software & operates Bitcoin nodes directly. Bitcoin paid to Tesla will be retained as Bitcoin, not converted to fiat currency.” After the tweet of Elon, Bitcoin surged 3% against the dollar to $55,444.21 shortly. Shares of Tesla Inc plunged 1.17% as it lost -7.84 during the trading session of Tuesday.

Earlier, Tesla announced the investment of $1.5 billion into bitcoin. It has also disclosed previously that in the future it will accept the bitcoins as the payment mode in the future. Not too long ago, Musk has recently become “technoking” of Tesla who has long been a supporter of digital currencies.