Tesla May Restart Crypto Transactions Again

Electric vehicle company Tesla, helmed by CEO Elon Musk, said that it “may in the future restart the practice of transacting in cryptocurrencies.” The disclosure came in an October quarterly filing with the U.S. Securities and Exchanges Commission.

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“We believe in the long-term potential of digital assets both as an investment and also as a liquid alternative to cash,” the company said.

From January to March 2021, Tesla offered customers the option to pay for electric vehicles with Bitcoin and invested $1.5 billion in Bitcoin during the first quarter of the year.

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