Tesla has invested $1.5 billion in bitcoin and revealed plans to accept the cryptocurrency as payment in "the near future."
The company disclosed in a Securities and Exchange Commission filing on Monday that it purchased $1.5 billion of bitcoin, noting that it may invest "in certain alternative reserve assets" as part of its updated policies, CNBC and Reuters report.
"We expect to begin accepting bitcoin as a form of payment for our products in the near future, subject to applicable laws and initially on a limited basis, which we may or may not liquidate upon receipt," the filing said.
The Week
Escape your echo chamber. Get the facts behind the news, plus analysis from multiple perspectives.
Sign up for The Week's Free Newsletters
From our morning news briefing to a weekly Good News Newsletter, get the best of The Week delivered directly to your inbox.
From our morning news briefing to a weekly Good News Newsletter, get the best of The Week delivered directly to your inbox.
Bitcoin's price climbed to a new high on Monday after the announcement from Tesla. In its fourth quarter earnings report, the company said it had $19.4 billion in cash and cash equivalents, according to The Associated Press.
The news, CNBC wrote, "raised immediate questions around CEO Elon Musk's behavior on Twitter recent weeks" after he expressed support for bitcoin and dogecoin, which both saw their prices increase. Musk last month added "#bitcoin" to his bio on Twitter and during a recent Clubhouse chat said he is "a supporter of bitcoin," also predicting it's "on the verge of getting broad acceptance by conventional finance people."
-
September 14 editorial cartoonsCartoons Sunday’s political cartoons include RFK Jr on the hook, the destruction of discourse, and more
-
Air strikes in the Caribbean: Trump’s murky narco-warTalking Point Drug cartels ‘don’t follow Marquess of Queensberry Rules’, but US military air strikes on speedboats rely on strained interpretation of ‘invasion’
-
Crossword: September 14, 2025The Week's daily crossword puzzle
-
New York court tosses Trump's $500M fraud fineSpeed Read A divided appeals court threw out a hefty penalty against President Trump for fraudulently inflating his wealth
-
Trump said to seek government stake in IntelSpeed Read The president and Intel CEO Lip-Bu Tan reportedly discussed the proposal at a recent meeting
-
US to take 15% cut of AI chip sales to ChinaSpeed Read Nvidia and AMD will pay the Trump administration 15% of their revenue from selling artificial intelligence chips to China
-
NFL gets ESPN stake in deal with DisneySpeed Read The deal gives the NFL a 10% stake in Disney's ESPN sports empire and gives ESPN ownership of NFL Network
-
Samsung to make Tesla chips in $16.5B dealSpeed Read Tesla has signed a deal to get its next-generation chips from Samsung
-
FCC greenlights $8B Paramount-Skydance mergerSpeed Read The Federal Communications Commission will allow Paramount to merge with the Hollywood studio Skydance
-
Tesla reports plummeting profitsSpeed Read The company may soon face more problems with the expiration of federal electric vehicle tax credits
-
Dollar faces historic slump as stocks hit new highSpeed Read While stocks have recovered post-Trump tariffs, the dollar has weakened more than 10% this year
