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UPDATE: Tesla gets progressive with Bitcoin ATMs at factories, claims report
Note: In a recent post on Twitter, CEO Elon Musk has noted that he does not believe the report of Bitcoin ATMs in Tesla’s factories is accurate.
Tesla, being as forward-thinking as ever, now has Bitcoin ATMs at the Fremont Factory and Gigafactory Nevada.
One of the Bitcoin ATMs was originally spotted by Twitter user Will Reeves. LibertyX, the company responsible for the Bitcoin ATMs, reached out to Finbold and confirmed Reeves’ sighting in an official statement.
“The Tesla locations have been live since August. The ATM is currently only accessible for employees,” LibertyX told Finbold.
The Bitcoin ATM company also stated that it did not install a new kiosk at Gigafactory Nevada. It simply added Bitcoin-selling features via software to three ATMs in the facility that were already installed.
Just passed by and saw @elonmusk has a bitcoin atm at the Gigafactory. pic.twitter.com/8HpkDkFwqP— WILL REEVES (@wlrvs) October 10, 2020
A quick search through LibertyX’s website revealed that Tesla also has a Bitcoin ATM in the Fremont Factory for employees to use.
Avid Tesla supporters know the intriguing relationship Elon Musk has with cryptocurrencies and crypto scammers.
Just this past June, crypto scammers used Elon Musk and SpaceX to steal up to $150,000 from YouTube viewers. The scammers convinced viewers to send Bitcoin to several YouTube channels by hacking legitimate accounts and rebranding them to fit their purpose.
They used archived footage of Elon Musk to broadcast a live event and convince viewers the channels were authentic. Other scammers went a step further and copied Elon Musk’s Twitter account, confusing his followers.
I’m going to keep banging on about this until twitter sorts it: When I look at a trump tweet, 1 of top replies is always scam re: an Elon Musk BTC giveaway. It has a reply from stolen verified acct, being used to pump scam, which is why I guess it appears high up. pic.twitter.com/Wi3RKyVmPN— David Osborn (@david_osborn) March 18, 2020
Despite crypto scammers using his identity and his companies’ brands for their schemes, Elon Musk remains a supporter of cryptocurrencies and an influential figure in the crypto industry, according to Cointelegraph.
He has applauded Bitcoin, in particular, for having a “brilliant” structure. The installation of two Bitcoin ATMs in two Tesla Gigafactories suggests that Musk’s stance on cryptocurrencies still holds.
The Tesla CEO might not stop at installing Bitcoin ATMs in just two Gigafactories either. LibertyX stated that it has more Bitcoin ATMs ready for installation.
I still only own 0.25 Bitcoins btw— Elon Musk (@elonmusk) May 15, 2020
“LibertyX has partnered with the two largest ATM manufacturers (Genmega and Hyosung) to offer bitcoin software preinstalled on traditional ATMs. Once operators activate the feature, consumers can start buying bitcoin with their debit card from ATMs nationwide. We have 5,000 ATMs already live and plan to roll it out at over 100,000 ATMs over the next few years,” the company explained further.
LibertyX did not state that more of its Bitcoin ATMs would be installed at Tesla’s factories. However, it is a possibility, especially if the Bitcoin ATMs in Nevada and Fremont are popular with the employees.
They have the best coin— Elon Musk (@elonmusk) March 3, 2020
If the Bitcoin ATMs do become a hit, Elon Musk may start thinking of installing Dogecoin ATMs as well. After all, Musk was briefly the CEO of Dogecoin, and the cryptocurrency’s meme origins fit perfectly with his online tendencies.
Elon Musk
The Boring Company’s latest Tesla tunnel truck mod “fits like a glove”
The Boring Company has modified a Tesla powered tunnel truck to carry freight containers underground.
The Boring Company has found a second job for the Tesla hardware it already runs underground. In a post on X, Elon Musk’s tunneling company showed its latest Prufrock Liner Truck modified to carry a standard 20 foot shipping container. “Using TBC tunnels to transport freight,” the company wrote. “The latest Prufrock Liner Truck (using Tesla Model 3 batteries and drive units) has been modified to carry a standard 20′ shipping container. Fits like a glove!”
The photo shows a red container sitting on a long, low white chassis parked outside, with drive hardware visible at one end. The Boring Company did not say where or when freight hauling would start, which customers it has in mind, or how many trucks it is converting.
Using TBC tunnels to transport freight.
The latest Prufrock Liner Truck (using Tesla Model 3 batteries and drive units) has been modified to carry a standard 20’ shipping container.
Fits like a glove! https://t.co/VV0phWK4fc
— The Boring Company (@boringcompany) October 19, 2026
Until now, the liner trucks have hauled concrete. Teslarati reported in August on Liner Truck 3, which uses Model 3 battery packs and drive units to move more than 22,000 pounds of precast tunnel segments to the boring machine. It has 28 miles of range, tops out at 12 mph, and is piloted remotely from the company’s operations center in Texas. The freight version appears to be the same platform with a different bed, and The Boring Company has not said whether it will also be remotely piloted.
Freight has been on the company’s menu for years. When TBC updated its product lineup in 2021, its freight tunnel was described as sized to fit a standard shipping container, “barely.” The company later used the idea at Tesla’s own factory, where Prufrock 3 dug a tunnel to Giga Texas that now moves finished Cybertrucks away from the production line.
The Boring Company closed a $3 billion Series D in September at a $23 billion valuation, and Teslarati has covered how that money is tied to a UAE tunneling push and a faster Nashville build. In Nashville, Prufrock MB1 and MB2 are mining at the same time, and a third machine is expected to launch in late October. Each machine needs a steady supply of liner trucks, so any design that works for segments and containers alike gives the company more use out of the same Tesla parts.
The Vegas Loop remains the only Boring Company system open to the public, and it moves passengers in Tesla vehicles. A freight service would be a separate product, and the post gave no indication that one is close to launch. For now, it is a truck, a container and a short caption saying they fit together.
Elon Musk
Elon Musk will give ‘every kid in America’ a SpaceX share in 2027
Elon Musk said he is planning to give “every one of his SpaceX shares to every kid in America” in 2027, stating that “this will be the first of many.”
SpaceX went public earlier this year, and its stock price has been relatively stable since leveling off shortly after its IPO. Based on its current price, it’s a gift of just over $10 billion to children across the United States.
It appears to be closely related to President Donald Trump’s bank accounts for children, which were set up earlier this year as Trump Accounts.
Just hours earlier, Anthropic had announced the establishment of its Anthropic Public Benefit Fund, “a new wholly-owned entity dedicated entirely to public benefit.” Musk responded by stating he recommended “giving the shares directly to the public,” and that he would be doing it that way.
Just a little bit later, Musk said children across the U.S. would be getting a share from him:
Next year, I will give one of my SpaceX shares to every kid in America.
This will be the first of many.
— Elon Musk (@elonmusk) October 19, 2026
There are roughly 70 million children, meaning someone under the age of 18, in the United States, according to the Federal Interagency Forum on Child and Family Statistics. Musk’s ownership of SpaceX stock shows he has around 849 million Class A shares of SpaceX stock, according to filings with the SEC.
Elon Musk
Elon Musk reveals why Boring Co’s biggest East Coast project never happened
Elon Musk revealed in a post on X that “Permits were impossible to get,” explaining the fate of The Boring Company’s most ambitious East Coast proposal.
The comment responded to a query about what became of his July 20, 2017 announcement that he had “just received verbal govt approval” for an underground Hyperloop connecting New York City, Philadelphia, Baltimore, and Washington, D.C., capable of carrying passengers from the Big Apple to the Nation’s Capital in just 29 minutes.
The Boring Company receives verbal ‘approval’ to build NY to DC Hyperloop tunnel
The 2017 post, which envisioned city-center stations and multiple elevators in each city, sparked immediate scrutiny. Local and state officials in New York, Philadelphia, Baltimore, and D.C. said they had no knowledge of any approval. A White House spokesperson confirmed only “promising conversations” about the transformative infrastructure.
Musk clarified shortly after that there was “still a lot of work” to do for formal approvals.
@cybrtrkguy Permits were impossible to get
— Elon Musk (@elonmusk) October 19, 2026
Limited progress followed, as Maryland Governor Larry Hogan’s administration issued a conditional utility permit and supported work near Fort Meade. In 2018, Washington, D.C., granted a preliminary permit for site preparation and excavation on a vacant lot at 53 New York Ave. NE in the NoMa neighborhood, which The Boring Company said could become a station.
A draft environmental assessment for a D.C.-Baltimore segment was released in 2019. Yet, by April 2021, the company had removed the project from its website, and the Federal Highway Administration reported receiving no indication of further interest. Communication with Maryland officials had ceased.
The full corridor would have required coordination among the District of Columbia, Maryland, Pennsylvania, New York, the Federal Highway Administration, the Army Corps of Engineers, the National Park Service, and other agencies.
Environmental reviews under the National Environmental Policy Act, utility clearances, and approvals for novel infrastructure added to the overall complexity of the project and its approval.
Speculation on the permitting barriers centers around a few factors, but a multi-state, multi-level route involving unproven high-speed vacuum-tube technology inherently triggers exhaustive safety, environmental, and engineering reviews that can stretch for years, even for conventional projects.
There are also other elements, of course, like officials who may face political exposure if a privately funded, untested system encountered anything such as cost overruns, delays, or safety issues. On the outset of this project, there were limited things such as engineering plans or demonstrated technology maturity, which also added to the potential skepticism.
The East Coast vision for Boring Co., once framed as a privately funded revolution that could reshape Northeast travel, quietly ended without construction of the promised network. Musk’s recent statement frames the outcome as a regulatory impasse, unfortunate but not unexpected.