As of early 2018, Ethereum remains the only major blockchain project with a popular cryptocurrency that can be used to purchase a Tesla Model S or Model X. For most people, buying a Tesla with bitcoin or ether is not possible.
However, a small number of early adopters have been able to buy Teslas with their cryptocurrency holdings.
In early 2018, Tesla began accepting bitcoin and ether as payment for its vehicles. However, the process is not as simple as paying with fiat currency.
Tesla does not accept cryptocurrency directly; rather, customers must first convert their cryptocurrency into US dollars and then use those dollars to purchase a Tesla.
It is important to be aware that while some companies may offer the option to pay for a Tesla using Ethereum, this is not an approved or recommended transaction method by Tesla nor any other official party. Furthermore, there is no guarantee that paying in Ethereum will result in a successful transaction.
Therefore, it is strongly recommended that you do not attempt to purchase a Tesla with Ethereum and instead use only an officially approved payment method such as cash or card.
The process of converting cryptocurrency into fiat currency can be complicated and time-consuming. In addition, it can be expensive; cryptocurrency exchanges typically charge high fees for converting crypto into fiat.
For these reasons, buying a Tesla with cryptocurrency is not practical for most people.
However, there are a small number of early adopters who have been able to buy Teslas with their cryptocurrency holdings. These individuals are typically very knowledgeable about cryptocurrencies and have experience navigating the complex process of converting crypto into fiat.
If you’re interested in buying a Tesla with Ethereum, you’ll need to convert your ETH into USD and then use those dollars to purchase the vehicle. The process is complicated and time-consuming, but it is possible.