GreenCarNewsBreaks – Tesla (NASDAQ: TSLA) Announces Purchase of $1.5B in Bitcoin, Planning to Accept Digital Currency for Purchases

Feb 8, 2021

Tesla (NASDAQ: TSLA), an American EV and clean energy company, announced significant Bitcoin measures the company is taken. In an SEC filing, the company noted that it may invest in alternative reserve assets such as digital assets, gold bullion, gold exchange-traded funds and other assets. Consequently, the company invested $1.5 billion in Bitcoin; the company also noted that it may acquire and hold additional digital assets. In addition, Tesla noted that it expected to begin accepting Bitcoin as a form for payment for its products, initially on a limited basis. The company plans to make that change in the near future,  subject to applicable laws. Following the announcement, Bitcoin traded higher, reaching an all-time high above the $42,000 level. “I do at this point think Bitcoin is a good thing, and I am a supporter of Bitcoin,” Tesla founder and CEO Elon Musk was quoted in the article. “ “Many friends of mine have tried to convince me to get involved in Bitcoin for a long time. . . . I think Bitcoin is really on the verge of getting broad acceptance by conventional finance people.”

To view the full article, visit  https://ibn.fm/QO35x

About Tesla Inc.

Tesla is an American electric vehicle (“EV”) and clean energy company based in Palo Alto, California. The company specializes in electric vehicle manufacturing, battery energy storage from home to grid scale and, through its acquisition of SolarCity, solar panel and solar roof tile manufacturing. For more information, visit www.Tesla.com.

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Green Car Stocks (GCS) is a specialized communications platform with a focus on electric vehicles (EV), as well as other emerging market opportunities in the green sector. The company provides (1) access to a network of wire services via NetworkWire to reach all target markets, industries and demographics in the most effective manner possible, (2) article and editorial syndication to 5,000+ news outlets (3), enhanced press release services to ensure maximum impact, (4) social media distribution via the Investor Brand Network (IBN) to nearly 2 million followers, and (5) a full array of corporate communications solutions. As a multifaceted organization with an extensive team of contributing journalists and writers, GCS is uniquely positioned to best serve private and public companies that desire to reach a wide audience of investors, consumers, journalists and the general public. By cutting through the overload of information in today’s market, GCS brings its clients unparalleled visibility, recognition and brand awareness. GCS is where news, content and information converge.

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