Elon Musk: Dogecoin will used to buy Teslas ’at some point’

Tesla CEO Elon Musk revealed his intent to start accepting Dogecoin (DOGE) as official payment for Tesla cars “at some point”.

On March 13, Musk was interacting with the public at the Berlin Gigafactory, a Tesla manufacturing plant, wherein an audience member asked if Tesla can be bought using DOGE in the near future. Musk responded positively to the request:

“At some point I think we should enable that.”

Musk's response sparked enthusiasm among investors as the market price of the token witnessed a sudden surge. Dogecoin reacted by jumping from $0.172 to $0.188 at the time of writing, marking a 9.3% as the video gains traction on X.

Elon Musk at Giga Berlin today.

“When will I be able to buy a Tesla with dogecoin?”
“At some point I think we should enable that.” pic.twitter.com/Suk7bifuHC

— Sir Doge of the Coin ⚔️ (@dogeofficialceo) March 14, 2024

Musk said that fan can still use DOGE to buy Tesla merchandise and showed support for the altcoin by reiterating "Dogecoin to the moon."

Musk first started endorsing DOGE after a few employees from the Tesla Gigafactory urged the CEO to support Dogecoin as an official mode of payment. A similar request was made to him at SpaceX by visitors demanding support for Dogecoin, which ultimately was accepted as he said:

Doge is people’s crypto, so I will support it.

He added that a lot of rich people supported Bitcoin (BTC)

This is a developing story, and further information will be added as it becomes available.