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.

Get on your first Bitcoin investment of 0 by signing up at coinbase here https://teslanomics.co/coinbase

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.[1] 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).[7] The Model 3 has a minimalist dashboard with only a center-mounted LCD touchscreen.[11]

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.[12][13] By August 2017, there were 455,000 net reservations, and an average of 1,800 reservations were being added per day.[14][15]

Limited production of the Model 3 began in mid-2017, with the first production vehicle rolling off the assembly line on July 7, 2017,[16][17][18] and the official launch and delivery of the first 30 cars on July 28.[19] Customer deliveries totaled 1,772 units in 2017.[20][21] Tesla’s initial target for making 5,000 vehicles per week was March 2018[22][23] but by early 2018, that was carried over to the end of June.[24]

Tesla stated that the Model 3 carries full self-driving hardware to be optionally enabled at a future date.[25][26][27]

What is Ethereum? (wikipedia)

Ethereum is an open-source, public, blockchain-based distributed computing platform and operating system featuring smart contract (scripting) functionality.[3] 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.[4] 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.[3][5]

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. [6] The system went live on 30 July 2015, with 11.9 million coins “premined” for the crowdsale.[7] 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).[8][9][10] The value of the Ethereum currency grew over 13,000 percent in 2017.[11]

13 comments

  • Nice work on the ETH! Though, you can look at it any way you want, but you are still paying full price.

  • This is misleading. Money is fungible – you may as well have said I didn’t pay $60k because I sold my previous car or because I got a loan. You can legitimately deduct tax credits but not the value of other assets.

  • Justin Engelhaupt

    That’s a win in my book! Well done 👍

  • Thx for the video–   this sounded low– 2013 Acura RDX and received $14,500 at least per KBB for 2013 RDX. Nice deal… for CarMax.  retail used RDX is over 20k. Ya got lots of listeners,  perhaps next time you are selling a car,  offer in separate video (with your wife showing the car…  she's a natural on video)   at closer to KBB price.

  • You are making a risky assumption – that the investment return is > 5 %. There are years where mutual funds do not return that amount. Essentially you are gambling versus just paying the amount off for a guaranteed rate. That ethereum could drop 50% tomorrow and then your loan is costing you waaaaaay more than if you had just paid for it outright.

  • I'm a bit confused with your math….if the car cost you $59,866 TOTAL, between Acura car sale, tax credit, sale of Ethereum and deposit you had $42,576, your balance should have been $17,290 for what was left to pay off……I'm confused. lol Sorry. I'm just trying to get a Tesla and I need financial advice on how to buy one in a smart way like what you did.

  • Rostislav Račák

    I like your mindset about the sale of Ethereum. It’s no way to live like ohhh I could’ve made so much money if I did this and that instead of that. What you did is the reasonable approach to investment.

  • i didn't see you mention taxes on ETH, which are 37%, or 15% if you sold them after more than a year

  • Salvador Nobre Veiga

    No the total price was 51,000 dollars. No matter how you spin it, those 15,000 in Ethereum is your money.

  • Pretty sure you’ll look back at this video and realize I could of bought more than just a piece of a Tesla with your ETH if you knew what it even was.

  • currency split white every mean issue cool board.

  • You forgot to deduct the short term capital gain taxes you will owe from your crypto currency sale. In California that could easily be 40-50%.

  • Your wife is waaay too hot for you! Consider yourself lucky on her AND the Ethereum!

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