How Tesla Plans To Tackle Bitcoin Volatility In Payments For Its Vehicles
Portfolio Pulse from Shivdeep Dhaliwal
Tesla Inc (NASDAQ:TSLA) has introduced a 'Bitcoin Terms & Conditions' policy to manage Bitcoin's volatility in vehicle payments. Customers can pay in Bitcoin, with prices set in USD and a specific payment window. Tesla will not convert Bitcoin payments to fiat currency.
March 25, 2021 | 1:19 am
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Tesla's new policy for Bitcoin payments aims to manage volatility by setting a USD price and a specific payment window. This move could attract crypto enthusiasts and impact Tesla's sales strategy.
Tesla's decision to accept Bitcoin with a structured payment window addresses volatility concerns, potentially attracting more customers interested in using cryptocurrency. This could positively impact Tesla's sales and market perception.
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