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Tesla Purchases Bitcoin - Signals Company May Accept It As Payment

Tesla is moving towards bitcoin. Here's what is happening and what sources are reporting these changes.

Multiple news sources, including AP, have reported today that Tesla, Inc. has made a substantial investment in Bitcoin, the "cryptocurrency" taking the financial markets on a wild ride. Equally of interest to Tesla fans will be that the company may soon accept Bitcoin as payment for goods and services.

The cat was let out of the bag when Tesla, In. made a regulatory filing with its pals at the SEC. As of the writing of this story, Bitcoin remains near its monthly high point according to Google and Morningstar. Other news sources are reporting a spike in the value of the currency following the Tesla announcement.

In keeping with his usual fun Tweets, Elon Musk tweeted a link to the video above related to unconventional currencies. If you have an opinion on Elon Musk and Bitcoin please express it in the comments below.

John Goreham is a long-time New England Motor Press Association member and recovering engineer. Following his engineering program, John also completed a marketing program at Northeastern University and worked with automotive component manufacturers. In addition to Torque News, John's work has appeared in print in dozens of American newspapers and he provides reviews to many vehicle shopping sites. You can follow John on Twitter, and view his credentials at Linkedin