You can now buy a Tesla with bitcoin

Tesla customers can now buy the electric vehicles with  bitcoin.

Founder Elon Musk announced the news in a Tweet on Wednesday.

The change will take place immediately in the United States. Australian buyers will have to wait until later this year.

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Bitcoin reaction

Musk’s Tweet has been retweeted more than 100,000 times and has 726,000 likes.

Telsa bought $US1.5 billion worth of bitcoin in February, a move which sent the prince of crypto-currency soaring.

On Wednesday the bitcoin price rose again, up more than 4 per cent.

Musk said crypto-currency paid to Telsa would not be converted into traditional currency.

One Australian dollar is worth $69,243.33 Australian dollars on Thursday.

Previous hints

The move has taken many people by surprise.

However, Tesla did raise the adoption of bitcoin as a possibility in their Q4 2020 10-K SEC filings .

“We expect to begin accepting bitcoin as a form of payment for our products in the near future, subject to applicable laws and initially on a limited basis, which we may or may not liquidate upon receipt,” the document reads.