(FILES) In this file photo the Tesla logo is seen outside of their showroom in Washington, DC, on August 8, 2018. - Tesla will recall nearly 135,000 cars to repair a computer memory failure that could pose a safety risk, US regulators said on February 2, 2021. The electric car manufacturer notified the US National Highway Traffic Safety Administration (NHTSA) of the massive recall over the problem affecting the cars' touchscreen that could cause a loss of some features. (Photo by SAUL LOEB / AFP) | Photo Credit: SAUL LOEB
Tesla has acquired around USD 1.5 billion in Bitcoin under an investment policy at the electric car maker headed by Elon Musk, and it plans to begin accepting the digital currency as payment for vehicles soon. The California company revealed the new strategy in a filing with the US Securities and Exchange Commission early Monday, saying its investment in digital currency and other “alternative reserve assets” may grow.
Bitcoin spiked 14 per cent and appeared to briefly hit a new all-time high. Shares of Tesla moved higher as well.
In its fourth quarter earnings report last month Tesla said it had cash and cash equivalents of USD 19.4 billion.
Published on February 8, 2021
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