Tesla, the major electric vehicle manufacturer headed by Dogecoin (DOGE) proselytizer Elon Musk, has hinted that it may before long expect to restore support for crypto payments.

In a September quarterly filing with the United states of america Securities and Exchanges Committee, the firm stated it "may in the future restart the practice of transacting in cryptocurrencies," which suggests Tesla is eyeing resuming back up purchases made using digital assets.

The company as well expressed its long-term belief in crypto avails as a store of value and means of payment, stating:

"We believe in the long term potential of digital avails both as an investment and also as a liquid alternative to greenbacks."

Tesla previously accepted Bitcoin as payment for electric vehicle purchases between January and March of this year. The move came equally function of a broader Bitcoin (BTC) comprehend from Tesla, with the firm also investing $ane.5 billion worth of its treasury into BTC during the start quarter of 2022.

All the same, support for Bitcoin was quickly shelved after the firm faced criticism for supporting BTC despite perceptions that proof-of-piece of work mining has a negative touch on the surround.

In June, Musk indicated that Tesla would consider resuming support for Bitcoin payments once at to the lowest degree one-half of the Bitcoin's network hash charge per unit is powered past renewable energy.

The report comes among news that Tesla's market capitalization topped $one trillion after securing a landmark deal with auto rental visitor Hertz. Tesla'south share cost also rallied nigh $1,00 for the start fourth dimension ever.

Related: SHIB plummets xx% as Elon Musk reveals he owns none

Much to the dismay of Shiba Inu (SHIB) holders, Musk tweeted this weekend that he only holds Bitcoin, Ether (ETH) and DOGE.

On Mon, Twitter user Shiba Inu Hodler tweeted to Musk, asking how much SHIB he is holding, to which Musk replied, "None."

"Out of curiosity, I acquired some ascii hash strings called 'Bitcoin, Ethereum & Doge'. That's it," he added.