Elon Musk’s Tesla may be ready for a second innings in cryptocurrency payments

• The electric car company owned by billionaire Elon Musk, Tesla, is mulling over possibly accepting cryptocurrency as payment again.
• It had temporarily opened the doors to Bitcoin early in the year, before taking a u-turn over energy consumption concerns.
• According to Musk, Tesla would only consider accepting Bitcoin as payment again if 50% of mining is done using clean energy.

Electric car maker Tesla and its founder, Elon Musk, don’t seem to have given up on crypto payments just yet. In its third-quarter earnings release $4, the company hinted that it could start transacting in $4 for its products and services in the future.


After becoming profitable for the first time since its inception last year, the company became the sixth ever to surpass $1 trillion in market value on Monday after sealing a new deal with Hertz for the biggest-ever rental car order.

Tesla also said that in the nine months ended September 30, the company has bought an aggregate of $1.5 billion worth of $4. “In addition, during the three months ended March 31, 2021, we accepted bitcoin as a payment for sales of certain of our products in specified regions, subject to applicable laws, and suspended this practice in May 2021,” it added.

For a more in-depth discussion, come on over to Business Insider Cryptosphere>$4 — a forum where users can deep dive into all things crypto, engage in interesting discussions and stay ahead of the curve.

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