Tesla company now accepts Bitcoin as payment method

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The Tesla Auto company boss Elon Musk earlier this week announced publicly on a tweet that his company now accepts Bitcoin as a method of payment. Tesla is promoting sustainable energy in the world with electric cars and is also revolutionizing and offering solar, integrated renewable energy solutions to companies, businesses and home use.

https://twitter.com/elonmusk/status/1374617643446063105?s=21

However, the company does not seem to have plans of converting the pay to fiat after transactions as they are well know for being a huge Bitcoin investor. The Bitcoin payment option has terms and conditions which includes the buyer paying the exact price of the car in BTC . The buyer also has 30minutes to make a payment after being told the current price of the car, when 30minutes exceeds the buyer has to request for new price before purchase. Tesla customer care are currently giving answers to customers who want to inquire more about this new payment process.

This development in the Tesla company shows the world is rapidly escalating into a digital world where you can buy your electric car with Bitcoin. Elon has also stated that the payment with Bitcoin capability will be available outside US later this year.

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I guess the 30minute rule is so people don't arbitrage the price between bitcoin and fiat. How much could bitcoin change in 30mins? I am guessing only a few %

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There might be an epitome of truth in your suggestion and yeah, Bitcoin can change only a few % in 30 minutes. Thanks for stopping by! @notak

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