> Tesla's terms and conditions say if a refund is needed, it can pay in either the exact amount of Bitcoin paid or in US dollars based on the dollar price of the car - whichever it wants.
Fascinating.
Fascinating.
> You can buy a #Tesla with #Bitcoin , but you'd be a fool to do so. It's better to sell your Bitcoin and buy the car with cash. That's because at its sole discretion Tesla prices refunds or buyback in either the quantity of Bitcoin paid or their dollar value at the time of payment.
https://twitter.com/PeterSchiff/status/1374857273282035716
Win-win for Tesla.
(Value goes up, get refund in bitcoin and buy car in dollars. Value goes down, get refund in dollars.)
There is a sizable portion of people who have made oodles of money on cryptocurrencies and spending it for the story has become valuable. It is the "I am rich" effect but for a different audience.
But it also risky. If the there is a major correction in the price of bitcoin, then Tesla is not going look so good.
However the refund policy is an explicit loss to the customer. You would have to be silly to accept that.
In other words, Tesla will very likely refund you in Bitcoin unless there's a serious issue.
Edit: I'm not saying it is, but, just as an example, someone could buy BTC from an unregulated country, then purchase a Tesla and request a refund in dollars.
Regardless on how the car is paid, a car is delivered to a physical person, and Tesla asks for sure many information on that person... it's not like something purchased on the darknet delivered to an anonymous PO box :-)
If you try to buy a new car with a briefcase full of cash, do they have to do something?