Right now, only Tesla’s US customers are allowed to pay with the aforementioned cryptocurrency. Musk also noted that the (Bitcoin) payment option would be expanded outside the US sometime later this year. However, he didn’t provide further details.
Last month, Tesla bought US$1.5 billion (~RM6.2 billion) worth of bitcoin and indicated then that it planned to accept the cryptocurrency as payment for its cars. Now, unsurprisingly, the former’s fortunes may be irrevocably entwined with the latter.
According to CNBC, over the last 12 months, Tesla share prices rose from about US$100 (~RM413) to over US$600 (~RM2,478), while bitcoin jumped from about US$7,000 (~RM28,907) to over US$55,000 (~RM227,123).