Tesla Embraces Bitcoin With $1.5 Billion Investment

Electric automaker Tesla has invested $1.5 billion in the cryptocurrency Bitcoin and says it will also accept Bitcoin for car purchases.

MARY LOUISE KELLY, HOST:

Tesla, the buzzy car company with skyrocketing stock, is embracing Bitcoin, the buzzy currency with skyrocketing prices. The electric automaker has invested 1.5 billion in the cryptocurrency and says it will accept Bitcoin for car purchases soon. NPR’s Camila Domonoske reports.

CAMILA DOMONOSKE, BYLINE: Tesla and Bitcoin have a lot in common – soaring values, idealistic fans and skeptics warning a crash could be coming.

(SOUNDBITE OF MONTAGE)

UNIDENTIFIED REPORTER: Now, does Tesla deserve to be the world’s biggest automobile manufacturer?

FRANK

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