Tesla invests $1.5 Bn in Bitcoin
Soon, the electric carmaker will accept it as a payment method for its products
It will be subject to applicable laws and on a limited basis initially
This would make Tesla the first major automobile entity to accept Bitcoin as payment
In a bid to diversify and maximise cash returns
Bitcoin spiked 14% following the announcement
As of 2020 end, Tesla had $19.4 million in cash and cash equivalents
Other than Bitcoin, Elon Musk is credited for raising prices of Dogecoin too
