Tesla Cars Listed On The Pi Mall; Why Pricing Doesn’t Aligned With Pi’s Consensus Value?

In a groundbreaking move, Tesla’s Model S and Model 3 cars have been listed on the PaixingShop, with prices denominated in Pi, the native cryptocurrency of the Pi Network. This marks the first instance of Tesla vehicles being available on the Pi subsidiary platform, PiChainMall, since its inception.

The inclusion of Tesla cars on the digital mall, coupled with merchants’ willingness to accept Pi payments, signals a promising development for the Pi community. Pioneers remain hopeful that the upcoming Tesla Model π smartphone will also find its place on the platform upon its official launch.

PaixingShop, a digital mall that accepts both Pi and Chinese yuan for transactions, has expanded its offerings to include Tesla vehicles, catering to a diverse range of consumer preferences.

Elon Musk, CEO of Tesla, has long shown interest in cryptocurrency assets and has made significant investments in Bitcoin, Ethereum, Litecoin, and Dogecoin. Recent rumors suggest he is exploring opportunities to mine lithium in Nigeria, further illustrating his commitment to innovative ventures.

However, an examination of the listed Tesla cars on PaixingShop reveals price tags ranging from 20π to 8π. This discrepancy raises questions about whether the prices align with the consensus value of Pi. For context, the market value of the Tesla Model S ranges from $104,990 to $156,990.

Despite this disparity, the availability of Tesla cars on the platform underscores the growing integration of cryptocurrency into mainstream commerce, bridging the gap between traditional automotive markets and the digital economy.

Alongside Tesla, the platform also features various other car brands, including Rolls Royce, Mercedes Benz, Toyota, Honda, Ferrari, Volvo, Suzuki, Ford, Land Rover, and many more.

For the uninitiated, Tesla is a pioneering electric vehicle manufacturer and clean energy company, spearheaded by billionaire entrepreneur Elon Musk. With a market capitalization exceeding $840 billion, Tesla remains the world’s most valuable automaker and a key player in the transition to sustainable transportation.

In 2021, Tesla led global sales of battery electric vehicles and plug-in electric vehicles, capturing a significant market share. Additionally, through its subsidiary Tesla Energy, the company is a major developer and installer of photovoltaic systems in the United States, further solidifying its position as a leader in clean energy innovation. Read Similar Story