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| Tesla Model 3 paid with Bitcoin |
Tesla and Elon Musk continue to Disrupt the Whole Software and Hardware
Market.
Tesla announced that it bought $1.5 billion worth of bitcoin in a filing
with the Securities and Exchange Commission on Monday. The company plans to
start accepting payments in bitcoin in exchange for its products, making it
the first automaker to do so. Tesla had more than $19 billion in cash and
cash equivalents at the end of 2020, making the purchase a significant
percentage of its cash. The move raises questions around Elon Musk's recent
behavior on Twitter, where he has been posting positive messages about
bitcoin and dogecoin.
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