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Comment from Ziglu's Chief Growth Officer, Yang Li:
Tesla investing in and accepting Bitcoin is a great show of confidence in the future of crypto. It also will be a welcome move for many of its modern customers that do already hold cryptocurrency and may choose to purchase their next car with a brand aligning with their investment interests.
Equally this a shrewd move for Tesla. As Tesla is opening up sales in new markets and establishing manufacturing in new countries, the borderless nature of Bitcoin may allow it to optimise its finances and cash flow. Furthermore, as world governments continue to aggressively stimulate the economy during this current pandemic there will be inevitably high levels of inflation. Investing into Bitcoin will allow Tesla to protect it’s current holdings from inflation and even potentially experience a windfall if the price of Bitcoin continues to increase, as it has done historically
