Using Ethereum to Buy a Tesla Model 3 – What I Actually Paid
When it comes to hype NOTHING tops crypto currencies like Bitcoin and Ethereum. I used some of these methods to pay for my First Edition Tesla Model 3. Get these updates in your inbox https://teslanomics.co/join
The total price for our Tesla Model 3 was just under ,000 however due to our investments in Ethereum back in January of 2017 we were able to get away without paying that full amount.
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What do you think about selling Ethereum for my Model 3? Good idea or bad?
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What is the Tesla Model 3? (wikipedia.org)
he Tesla Model 3 is a mid-size all-electric four-door luxury sedan manufactured and sold by Tesla, Inc. According to Tesla officials, the standard Model 3 delivers an EPA-rated all-electric range of 220 miles (350 km) and the long-range model delivers 310 miles (500 km). The Model 3 has a minimalist dashboard with only a center-mounted LCD touchscreen.
Within a week of unveiling the Model 3 in 2016, Tesla said they had taken 325,000 reservations for the car, more than triple the number of Model S sedans sold by the end of 2015. These reservations represent potential sales of over US billion. By August 2017, there were 455,000 net reservations, and an average of 1,800 reservations were being added per day.
Limited production of the Model 3 began in mid-2017, with the first production vehicle rolling off the assembly line on July 7, 2017, and the official launch and delivery of the first 30 cars on July 28. Customer deliveries totaled 1,772 units in 2017. Tesla’s initial target for making 5,000 vehicles per week was March 2018 but by early 2018, that was carried over to the end of June.
Tesla stated that the Model 3 carries full self-driving hardware to be optionally enabled at a future date.
What is Ethereum? (wikipedia)
Ethereum is an open-source, public, blockchain-based distributed computing platform and operating system featuring smart contract (scripting) functionality. Ether is a cryptocurrency whose blockchain is generated by the Ethereum platform. Ether can be transferred between accounts and used to compensate participant mining nodes for computations performed. Ethereum provides a decentralized Turing-complete virtual machine, the Ethereum Virtual Machine (EVM), which can execute scripts using an international network of public nodes. “Gas”, an internal transaction pricing mechanism, is used to mitigate spam and allocate resources on the network.
Ethereum was proposed in late 2013 by Vitalik Buterin, a cryptocurrency researcher and programmer. Development was funded by an online crowdsale that took place between July and August 2014.  The system went live on 30 July 2015, with 11.9 million coins “premined” for the crowdsale. This accounts for approximately 13 percent of the total circulating supply.
In 2016, as a result of the collapse of The DAO project, Ethereum was split into two separate blockchains – the new separate version became Ethereum (ETH), and the original continued as Ethereum Classic (ETC). The value of the Ethereum currency grew over 13,000 percent in 2017.