In a recent development, prominent electric car producer Tesla, led by Elon Musk, added Dogecoin as an official payment option to its website. The payment page has been updated and now Includes Dogecointhe crypto community’s favorite meme coin.
In a recent development, prominent electric car producer Tesla, led by Elon Musk, added Dogecoin as an official payment option to its website. The payment page has been updated and now Includes Dogecointhe crypto community’s favorite meme coin.
Tesla officially adopts Dogecoin
However, Tesla still accepts DOGE only for products in the online Tesla Store. The addition says that “Dogecoin may also be accepted on select products.”
For the first time, Elon Musk’s company began accepting Dogecoin as an experiment in January 2022. Back then, the technology mogul said, it was an experiment to see how it would go. Several products of the company began to be sold for DOGE, for example, Tesla Cyberwhistle and the “Giga Texas” belt buckle.
Later that year, another company led by the same CEO followed suit: SpaceX.
DOGE price increases by 21%
Two years later, in March 2024, during his visit to the Giga factory in Berlin, Musk was asked by the audience if Tesla intends to implement Dogecoin payments for electric cars. The tech mogul responded that they should add DOGE as a payment option at some point in the future. This statement from Musk immediately caused a 10% increase in the price of DOGE. However, the rise did not last long.
At the time of writing, the largest meme cryptocurrency, DOGE, is changing hands at $0.159 after skyrocketing more than 21% in the last 24 hours on the Tesla news.
