Elon Musk, the influential CEO of Tesla Inc., has once again turned his attention to Dogecoin (DOGE). Known for his playful tweets and endorsements, Musk recently suggested that Tesla could enable DOGE payments for its electric vehicles.

Don't miss out on more posts like this—subscribe now!

The DOGE Connection

Musk’s affinity for Dogecoin dates back to 2019 when he tweeted, “Dogecoin might be my fav cryptocurrency. It’s pretty cool.” Since then, DOGE has gained immense popularity, creating millionaires and capturing headlines. In 2021, it reached an all-time high of $0.7376.

Tesla and DOGE: A Potential Match

During a Q&A session at the reopened Berlin Gigafactory, an audience member asked Musk when Tesla would accept Dogecoin as payment. His response was intriguing: “At some point, I think we should enable that.” The crowd cheered as Musk playfully added, “Dogecoin to the moon!”

Musk explained that his support for DOGE began when people at the Tesla factory and SpaceX asked him to endorse it. He dubbed Dogecoin “the people’s crypto” and noted that Tesla merchandise can already be purchased with DOGE.

A History of Crypto Acceptance

Tesla’s journey with cryptocurrencies has been eventful. In 2021, the company briefly accepted Bitcoin as payment for its vehicles. However, environmental concerns led to the suspension of this program. Musk cited the increasing use of fossil fuels for Bitcoin mining and transactions as the reason behind the decision.

Now, with renewed interest in DOGE and the possibility of enabling DOGE payments, Tesla could further embrace the crypto world. As the electric vehicle market evolves, all eyes are on whether DOGE will indeed become a payment option for Tesla cars.

In the ever-entertaining world of Elon Musk and crypto, the Dogefather’s influence continues to make waves. 🚀🐶🚗

Sources:

Dogecoin Surges 15% After Elon Musk Hints Tesla Could Accept it as Payment

Tesla to Enable DOGE Payments, Confirms Elon Musk’s Support