Tesla executives explained their actions by updating the investment policy, which they adopted in January. An organization can invest in gold, digital assets, and other analogs. The company argues that fund diversification is necessary for greater flexibility and maximizing profits. Also, in the future, the automaker plans to accept bitcoins as payment for its products.

Earlier, Elon Musk spoke out several times about digital currencies. In late January, he added the hashtag #bitcoin to his Twitter account. This led to an increase in the value of the first cryptocurrency by 14%. A few days later, he called himself a bitcoin supporter, adding that this currency should have been purchased eight years ago.

We add that on February 4, Musk posted the word Doge on Twitter, which led to a surge in the value of Dogecoin. In 15 minutes, the price increased by 19%, and the daily increase was 47.5%.