Tesla may resume accepting cryptocurrency as a form of payment for its products in the future. The hint appears in the filing with the U.S. Securities and Exchange Commission.
‘We believe in the long-term potential of digital assets as both investments and a liquid alternative to cash,’ the document states.
Earlier, Tesla’s market capitalization surpassed $1 trillion for the first time. The electric-car maker’s shares rose on news of deals with the car-rental company Hertz — which placed an order for 100,000 Teslas, according to Bloomberg. The deal is valued at $4.2 billion.
In February 2021, Tesla invested $1.5 billion in Bitcoin, with an average purchase price of $34,963. Later, Elon Musk called the decision ‘quite risky’.
In March, the billionaire announced the start of selling electric cars for the first cryptocurrency in the United States. In May, the company halted accepting BTC due to concerns about the environmental impact of its mining.
In the summer, Musk stated that Tesla would resume selling electric cars for Bitcoin, once it confirms that at least half of miners have switched to renewable energy. At the same time, the founder and head of the BTC.TOP pool Jiang Zhuoer drew the entrepreneur’s attention that the condition has been met as a result of restrictive measures by Chinese authorities against mining.
Recall, in the third quarter of 2021, Tesla posted record profits and revenue, but the company’s investment in Bitcoin had been written down by $51 million.
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