Elon Musk Plans to Accept Dogecoin (DOGE) as Payment for Tesla Cars
Tesla CEO Elon Musk has announced his intention to accept Dogecoin (DOGE) as an official payment method for Tesla cars “at some point” in the future.
During an interaction with the public at the Berlin Gigafactory on March 13, Musk responded positively to an audience member’s question about the possibility of purchasing Tesla vehicles with DOGE, stating, “At some point I think we should enable that.”
Elon Musk at Giga Berlin today.
— Sir Doge of the Coin ⚔️ (@dogeofficialceo) March 14, 2024
“When will I be able to buy a Tesla with dogecoin?”
“At some point I think we should enable that.” 😂🔥 pic.twitter.com/Suk7bifuHC
Following Musk’s statement, the market price of Dogecoin experienced a sudden surge, jumping from $0.172 to $0.188, marking a 9.3% increase as the news gained traction.
Musk reiterated his support for Dogecoin, emphasizing its potential by saying “Dogecoin to the moon”.
He also mentioned that fans can already use DOGE to purchase Tesla merchandise.
The decision to accept Dogecoin came after employees at the Tesla Gigafactory and visitors at SpaceX urged Musk to support the meme-inspired cryptocurrency.
Musk expressed his preference for Dogecoin as a crypto favored by the general public, stating, “Doge is people’s crypto, so I will support it,” in contrast to Bitcoin, which he noted is supported primarily by wealthy individuals.
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