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Elon Musk says Tesla vehicles can now be bought using bitcoin
"You can now buy a Tesla with bitcoin," he tweeted on Wednesday. "Bitcoin paid to Tesla will be retained as Bitcoin, not converted to fiat currency."
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Tesla co-founder and CEO Elon Musk stands in front of the newly unveiled all-electric battery-powered Tesla's Cybertruck at Tesla Design Center in Hawthorne, California on Nov. 21, 2019. (AFP/Frederic J. Brown)
T
esla chief Elon Musk said on Wednesday that a Tesla vehicle can now be bought using bitcoin and the option will be available outside the United States later this year.
"You can now buy a Tesla with bitcoin," he tweeted 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.
Last week, the electric carmaker crowned Musk with a new title: Technoking.
Meanwhile, Zach Kirkhorn, the company's chief financial officer, will now be known as "Master of Coin," Tesla said in a filing with the Securities and Exchange Commission (SEC).
The company did not say whether the new titles, which are effective immediately, would bring with them any additional duties.
However, "Elon and Zach will also maintain their respective positions as Chief Executive Officer and Chief Financial Officer," the filing stated.
Norm-shattering entrepreneur Musk, who has more than 41 million followers on Twitter and a fortune now estimated at more than $180 billion, has had frequent conflicts with regulators at the SEC and is not shy about tweaking them on social media.
In 2018, the SEC charged Musk with fraud, slapped him with a $20 million fine and demanded he step down as Tesla chairman after he tweeted out a plan to take the company private.
The entrepreneur also waded in Monday to the new online fascination with digital art forms known as "NFTs," virtual objects that can be sold with a certificate of authenticity proving that they are, in theory, non-piratable thanks to the blockchain technology that was popularized by cryptocurrencies such as Bitcoin.
Musk announced on his Twitter account that he would be selling a video clip of techno music about NFTs, or Non-Fungible Tokens, as an NFT.
