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CEO Elon Musk has been credited for raising the prices of cryptocurrencies, including bitcoin, through his messages on Twitter. The company also said it would start accepting bitcoin as of bitcoin's price. Tesla's move into bitcoin represents an investment of a significant percentage of its cash in products.

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It's not just a first for Tesla, but for cars. A dealer in Costa Mesa, California has sold a Model S for Bitcoins. Yup, Bitcoins. Tesla announced Monday it has bought $ billion worth of bitcoin. In a filing with the Securities and Exchange Commission, the company said. The user's original post here stating Tesla was buying bitcoin drew little attention when it appeared Jan. 2. But it received a second look.

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Tesla's move into bitcoin represents an investment of a significant percentage of its cash in the investment. CEO Elon Musk has been credited for raising the prices of cryptocurrencies, including bitcoin, through his messages on Twitter. Tesla also said it will start accepting payments in bitcoin in exchange for its products "subject to applicable laws and initially on a limited basis. A paper published in Nature , arguably the most prestigious academic journal in the world, found that bitcoin emissions alone could push global warming above 2 degrees Celsius.