Telsa’s CEO Elon Musk confirmed earlier today on Twitter that Tesla will start accepting Dogecoin as a method of payment for some merchandise.
Dogecoin was up 22% (at the time of writing) when this news broke. Tesla sells merchandise such as apparel, belt buckle, mini models of its vehicles, quad bike ‘Cyberquad’ for kids and ‘Cyberwhistle’ modeled after its much-awaited Cybertruck.
Tesla had earlier stopped accepting bitcoin for car purchases citing climate change. People holding and trading doge coin have been requesting Elon Musk to accept Dogecoin to buy Teslas – Although as of now you won’t be able to buy a Tesla with it; It’s only a matter of time before they do.