Tesla Buys $1.5 Billion in Bitcoin, Announces Plans to Accept as Form of Payment

Tesla Buys $1.5 Billion in Bitcoin, Announces Plans to Accept as Form of Payment
SpaceX owner and Tesla CEO Elon Musk poses on the red carpet of the Axel Springer Award 2020 in Berlin, Germany on Dec. 1, 2020. Britta Pedersen/Pool/Getty Images
Zachary Stieber
Updated:

Electric car and battery maker Tesla invested $1.5 billion in the cryptocurrency bitcoin, according to a filing made public Monday.

Tesla said in a Securities and Exchange document that it changed its investment policy last month to provide more flexibility in terms of diversification and maximizing returns on funds not required to maintain operating liquidity.

Zachary Stieber
Zachary Stieber
Senior Reporter
Zachary Stieber is a senior reporter for The Epoch Times based in Maryland. He covers U.S. and world news. Contact Zachary at [email protected]
twitter
truth
Related Topics