Elon Musk Plays Down Sighting of Bitcoin ATM in Tesla Gigafactory

While Elon Musk doesn't seem sure, LibertyX claims it has installed three bitcoin ATMs at the Tesla Gigafactory in Nevada.

Oct 12, 2020 at 8:32 a.m. UTC
Updated Sep 14, 2021 at 10:07 a.m. UTC

Elon Musk has thrown doubt on a claimed sighting of a bitcoin ATM at the Tesla Gigafactory in Nevada.

  • The ATM was first claimed to have been sighted by Twitter user Will Reeves, who posted on Sunday he had "just passed by and saw @elonmusk has a bitcoin ATM at the Gigafactory."
  • The tweet was accompanied by a Google maps image revealing the location of the ATM on the northern side of the massive factory complex.
  • According to a Sunday report by Finbold, the ATM was installed by LibertyX in August of this year solely for the use by employees of the factory.
  • However, Tesla founder and CEO Elon Musk said he didn't believe the claim was "accurate" in a tweet on Monday. The post to which Musk replied has since been deleted, presumably in response to his tweet.
  • CoinDesk reached out to Tesla for confirmation but had not received a reply by press time.
  • However, Reeves' sighting was apparently confirmed to CoinDesk by bitcoin ATM operator LibertyX in a direct message, which said: "We have enabled [three] traditional ATMs inside so employees can use their debit cards and buy bitcoin."
  • LibertyX now claims to have over 5,000 crypto ATMs in operation across the U.S., as well as a bitcoin buying service in around 20,000 stores.
The Festival for the Decentralized World
Thursday - Sunday, June 9-12, 2022
Austin, Texas
Save a Seat Now

DISCLOSURE

Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated.

The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups. As part of their compensation, certain CoinDesk employees, including editorial employees, may receive exposure to DCG equity in the form of stock appreciation rights, which vest over a multi-year period. CoinDesk journalists are not allowed to purchase stock outright in DCG.

Trending

1
CoinDesk - Unknown
Sponsor Labels

CoinDesk - Unknown
2
CoinDesk - Unknown
Bitcoin Returns Above $30K; Resistance at $35K

BTC appears oversold, although trading conditions have been choppy over the past few days.

BTC appears oversold, although trading conditions have been choppy over the past few days.

CoinDesk - Unknown
3
CoinDesk - Unknown
UnicornDAO Raises $4.5M to Empower Women and LGBTQ NFT Creators

The DAO is led by Nadya Tolokonnikova of the Russian art collective Pussy Riot and involves Beeple, Grimes and Gary Vaynerchuk.

The DAO is led by Nadya Tolokonnikova of the Russian art collective Pussy Riot and involves Beeple, Grimes and Gary Vaynerchuk.

CoinDesk - Unknown
4
CoinDesk - Unknown
Matt Prewitt: Let’s Use New Forms of Money to Commit to Our Communities

More local money could lessen the incentive to “exit” the people who need the resources, says Matt Prewitt, president of the RadicalxChange Foundation.

More local money could lessen the incentive to “exit” the people who need the resources, says Matt Prewitt, president of the RadicalxChange Foundation.

CoinDesk - Unknown