Tesla announced on Wednesday it is no longer accepting vehicle purchases with Bitcoin. CEO Elon Musk made the announcement on Twitter below, citing the concern over the “rapidly increasing use of fossil fuels for Bitcoin mining and transactions”. Tesla & Bitcoin pic.twitter.com/YSswJmVZhP — Elon Musk (@elonmusk) May 12, 2021 Tesla says it will “not be […]
On Wednesday, Tesla officially released its 10Q, a comprehensive report of its performance which is to be submitted quarterly to the U.S. Securities and Exchange Commission (SEC). According to the filing (via Fortune), the company’s Bitcoin investment actually turned out to be much greater than the company’s auto or green energy businesses. Man Loses $500,000 […]
Tesla has disclosed on its balance sheet it sold some of its previous $1.5 billion investment in Bitcoin, and saw $272 million in proceeds from the sale, based on the “proceeds from sales of digital assets” on its cash flow from investing activities. Tesla said in its Q1 slide deck, “quarter-end cash and cash equivalents […]
Tesla and CEO Elon Musk are all-in when it comes to Bitcoin, as the company not only has a $1.5 billion investment in the cryptocurrency but also recently started accepting payment of the latter for vehicle purchases. The electric vehicle maker is also helpful to the Bitcoin community as well, as the open source BTCPay […]
You can now buy a Tesla with Bitcoin, according to a change on the company’s website on Wednesday evening. Back in February, Tesla disclosed it made a $1.5 billion in Bitcoin and mentioned it would soon accept the cryptocurrency as payment in the “near future”. Fast forward just over a month and Bitcoin payment on […]
Last July, the Twitters of Elon Musk, Bill Gates, Barack Obama, and Apple were all hacked in a Bitcoin scam, and now the person responsible will face criminal charges. Tuesday, Graham Clark, 18, pleaded guilty to state charges in Florida, and will now be subject to three years in prison, plus a subsequent three years […]
Tesla CEO Elon Musk has made his support of Bitcoin clear, though he’s also been known to be hacked and impersonated from time to time, with a recent victim, Sebastian, losing over £400,000 ($555,572 USD) to a scammer. How it works is scammers will steal verified Twitter accounts and try to mimic the profile and […]
According to leading technology analyst Dan Ives, Tesla’s $1.5 billion USD investment in Bitcoin via Coinbase earlier this month has already yielded the electric vehicle giant over $1 billion USD in profit. Tesla bitcoin gambit already made $1 billion, more than 2020 profit from car sales, estimates analyst https://t.co/rcAU0Vp6ex — MarketWatch (@MarketWatch) February 21, 2021 […]
Tesla CEO Elon Musk has been making headlines with the company’s recent decision to invest $1.5 billion (USD) into Bitcoin. In response to a Twitter news story in which Binance CEO Changpeng Zhao said he was “surprised” Musk was so keen on Dogecoin, Musk replied that he is “not an investor,” but rather an engineer. […]
Earlier this month, Tesla revealed it had invested $1.5 billion USD into digital currency, Bitcoin. The company also stated it would accept Bitcoin payment in the future for Tesla purchases. Now, we may know how Tesla purchased its Bitcoin, according to The Block, which says it has “learned that Tesla is among Coinbase’s deep-pocketed corporate clientele.” […]
Tesla’s CEO Elon Musk recently added Bitcoin to both his bio and to Tesla’s investment repertoire, sending the decentralized digital currency soaring with a $1.5 billion (USD) investment from the company. However, some analysts have criticized the company’s moves towards Bitcoin as an environmental disaster to-come. Despite its virtual nature, the process of mining Bitcoin […]
It appears a Tesla employee had loose lips and revealed the company’s recent investment in Bitcoin on Reddit—back in January. A user by the name of ‘TSLAinsider’ posted, “You heard it here first – our company just bought 800M$ USD worth of Bitcoin,” sharing the info on the r/bitcoin and r/TSLA subreddits, but the latter […]
In late January, Tesla CEO Elon Musk sent cryptocurrency Bitcoin surging, after he added the digital currency’s hashtag to his Twitter bio, along with a cryptic message, “in retrospect, it was inevitable.” Now, we may know why. In Tesla’s Form 10-K filing with the Securities and Exchange Commission (SEC), the company revealed it had purchased […]
Tesla CEO Elon Musk recently added ‘Bitcoin‘ to his Twitter bio, and the internet devolved into a frenzy as the price of Bitcoin surged. On Monday, while being interviewed on Clubhouse, Musk told the host he is a “supporter of Bitcoin,” adding that he was fed a “slice of Bitcoin cake” in 2013 (via Yahoo […]
Bitcoin (BTC) saw a major surge on Friday, topping off an unbelievable week of record-setting stock market volatility. The surge occurred after Elon Musk added ‘#Bitcoin’ to his Twitter bio, with the trading cost of Bitcoin subsequently rising as much as 20%, according to CNBC. Musk followed the bio change up with a mysterious tweet, […]
