Tesla Model S purchased with Bitcoins from Lamborghini Newport BeachEnlarge Photo
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Announced on the dealer's blog, the sale marks the first Bitcoin purchase for Lamborghini Newport Beach--but it won't likely be the last.
"Lamborghini Newport Beach is proud to announce that we are fully capable of accepting Bitcoin as legal tender for vehicles. We are excited to opening the door to this new currency," the company wrote on its blog.
Bitcoins are generated by "mining," wherein computers execute mathematical operations to find the coins through a distributed, decentralized network. Depending on the user's available computer power, it can take anywhere from minutes to months to generate a single Bitcoin.
Despite a recent spate of battery fires due to road debris strikes, and an ongoing NHTSA investigation, the Tesla Model S continues to generate a great deal of interest among new-car buyers, particularly those nearer the cutting edge of technology--so perhaps it's unsurprising the American-made electric car should be among the first known vehicles purchased directly with Bitcoin.