Telsa Now Accepts Bitcoin As Payment

Tesla now accepts bitcoin as payment, several weeks after Elon Musk first teased the prospect.

In a tweet early Wednesday morning, Musk announced that bitcoin is now an acceptable payment method for buying a new Tesla. The CEO also made it clear that Tesla is only using internal and open source software to process the payments, and that the company will retain the payments in bitcoin, rather than transfer them into USD.

The news has sparked a rally for the cryptocurrency, with it reaching as high as $57,000 shortly after the tweet. Musk also announced the company will be expanding the program internationally later this year.