Two days ago, Tesla CEO Elon Musk declared on Twitter that the firm is now accepting Dogecoin as a payment option for all items available on the Tesla store.
Tesla will make some merch buyable with Doge & see how it goes
— Elon Musk (@elonmusk) December 14, 2021
The store, which sells a variety of manufactured and branded Tesla goodies like quad bikes for children, wireless portable chargers, men’s and women’s apparel, and accessories, has seen some of its items become unavailable since adopting DOGE payments.
The news was enthusiastically received by Dogecoin supporters, who have long anticipated that Tesla would be the first major corporation to adopt their crypto.
Could Elon Musk’s Starlink collaborate with Dogecoin?
In May 2021, Elon asked Twitter followers if they wanted Tesla to take Dogecoin. Following this, a Saturday Night Live opening monologue in which the “Tesla technoking” referred to Dogecoin as a “hustle” caused prices to plummet.
On an aggregate, Elon Musk had propelled the meme coin to a record 12,000 percent value surge.
Proponents began to think about the potential of a Dogecoin and Starlink (Elon Musk’s internet business) corporation toward the end of 2021, and it was then that Elon Musk nixed DOGE’s price by approximately 35 percent, after a December tweet in which he revealed that Tesla would be using Doge as a payment option.
Tesla has previously experimented with the use of cryptocurrency for payment. Elon Musk stated in March 2021 that Tesla would begin accepting Bitcoin as a payment method, but he terminated it after finding out how energy-intensive and environmentally harmful it was.