Is There A Bitcoin ATM Inside Tesla’s Gigafactory?

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Bitcoin and Tesla are doing a weird push and pull dance this year. From being named as the most viewed investments during the first half of 2020 in the US until a suggestion that came in for Bitcoin to be split just as Tesla stock was in order to make it more attractive, the futuristic terminology of cryptocurrency and electric cars seems to go hand in hand.

Gigafactory

This time round, a statement about possible Bitcoin ATMs in a Tesla Gigafactory (which earlier this year suffered a ransomware attack) launched a serious social media hailstorm and several (inaccurate) articles. In the end, Tesla CEO Elon Musk was called upon to set the record straight.

Just passed by and saw @elonmusk has a bitcoin atm at the Gigafactory. pic.twitter.com/8HpkDkFwqP

— Will Reeves (@wlrvs) October 10, 2020

It all started on October 10th when Will Reeves, CEO of Fold, a Bitcoin rewards app, tweeted that he had just passed by Tesla’s Gigafactory in California and noticed that there were no less than 3 Bitcoin ATM’s in the building.

Google Maps

He attached a Google maps screenshot alongside his tweet, which of course started a whole conversation.

An unknown employee of Tesla later confirmed the story on Reddit, stating:

Hey, yup it’s real 🙂 3 traditional ATMs that we’ve upgraded to also sell bitcoin. Only open to employees (and potentially visitors when they open up for tours again).

This set off a whole bunch of articles all published over the weekend, which repeated the story and tried to prove the correlation between Tesla’s Gigafactory and the need for cryptocurrency ATMs.

Tesla Employees at Nevada Gigafactory Can Use Bitcoin ATM by LibertyXhttps://t.co/h3jXkLtlv5 pic.twitter.com/yDdhIHS4Ed

— Coinspeaker (@coinspeaker) October 12, 2020

In the end though, it was Tesla CEO Musk himself who replied to one of the articles (which has since been deleted), saying:

I don’t think this is accurate

— Elon Musk (@elonmusk) October 12, 2020

Well, forgive us for dreaming Elon.