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Tesla Bets on Bitcoin in Blue-Chip Boost to Cryptocurrency

  • Electric-car company makes $1.5 billion investment in Bitcoin
  • Musk’s latest disruptive move follows pro-crytocurrency tweets
Bloomberg business news
Tesla's Elon Musk Bets on Bitcoin
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The world’s leading electric-car maker is getting behind the the world’s largest electronic currency.

Tesla Inc. invested $1.5 billion in Bitcoin and signaled its intent to begin accepting the cryptocurrency as a form of payment, sending prices to a record after the vote of confidence from the EV leader and recent stock-market darling.