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.
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.