Elon Musk to Consider Dogecoin as Valid Payment for Tesla Cars
Summary:
Tesla's CEO, Elon Musk, has revealed plans to potentially accept Dogecoin as a valid payment method for Tesla cars. Following a recent public interaction at the Berlin Gigafactory, Musk's positive outlook triggered a surge in the token's market price. He assured fans that DOGE could also be used for purchasing Tesla merchandise. The tech tycoon's initial support for Dogecoin began after encouragement from Tesla and SpaceX employees. Updates on the development of this story will be provided as they emerge.
In a recent revelation, Elon Musk, the Chief Executive Officer of Tesla, announced plans to consider Dogecoin (DOGE) as an authorized mode of payment for Tesla cars in the foreseeable future. During a March 13 public interaction at the Berlin Gigafactory, one of Tesla's production facilities, Musk was questioned about the future possibility of purchasing Teslas with DOGE. He expressed a positive outlook and said, “At some point I think we should enable that.” This onset of openness from Musk evoked excitement among investors, triggering a sudden rise in the token's market price. It was observed that Dogecoin spiked from $0.172 to $0.188 as the news began to circulate.
The tech tycoon reassured fans that they can still utilise DOGE to purchase Tesla merchandise, sustaining his support for the digital currency by echoing "Dogecoin to the moon." Musk's endorsement for DOGE initially started when some Tesla Gigafactory employees encouraged him to adopt Dogecoin as an official payment method. A similar appeal was presented to him at SpaceX by guests advocating for Dogecoin and he accepted their request saying, "Doge is people’s crypto, so I will support it." He also noted that Bitcoin (BTC) enjoys the backing of a significant number of affluent individuals. This tale continues to unfold, and further updates will be appended as they surface.
Published At
3/14/2024 7:37:39 AM
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