On Monday, Tesla revealed that it had invested $1.5 billion in bitcoin as part of its efforts to diversify and maximize returns on surplus cash.
Just to give a little kicker to its own investment, the company also said that it expects to begin accepting bitcoin as payment for its cars in the near future, subject to applicable laws.
Chief executive Elon Musk has become a crypto influencer, discussing bitcoin with other CEOs on Twitter, declaring himself a supporter of it on the Clubhouse chat app and recently endorsing Dogecoin as “the people’s crypto”.
Access intelligence that drives action
To unlock this research, enter your email to log in or enquire about access
