Elon Musk Says People Should Be Able to Use Dogecoin To Buy Tesla Cars ”At Some Point”

SpaceX and Tesla founder Elon Musk said people should be able to buy Tesla cars with Dogecoin (DOGE) ”at some point.”

Asked when DOGE could be used to buy Teslas, Musk replied, ”At some point, I think we should enable that.”

“You can buy Tesla merch with Doge, which is cool,” he added, according to a video of his visit to the company’s Giga Berlin factory. “So, Dogecoin to the moon.”

The Dogecoin price has surged almost 8% in the past 24 hours to trade at $0.184 at 7.12 a.m. EST amid a meme coin market rally.

Elon Musk Known As ”DOGEFather”

This is not the first time Musk has expressed his fondness of the largest meme coin by market cap, earning him the nickname “DOGEFather.”

In May 2021, Musk was invited to host the popular late-night live comedy show Saturday Night Live (SNL). In one of the skits, he played a financial advisor and repeatedly gave vague answers to questions about what DOGE is, before eventually agreeing that the meme coin is “just a hustle,” and then ending with “to the moon!”

In November 2022, Musk was also seen at X (formerly Twitter) headquarters wearing a T-shirt with a graphic of DOGE sporting a cowboy hat and sunglasses.

Elon Musk was spotted in a Doge T-shirt at Twitter Headquarters today @elonmusk pic.twitter.com/3dWslgia7K

— DogeDesigner (@cb_doge) November 1, 2022

Earlier that month, he published a post on X that included a picture of a Shiba Inu dog in a shirt with Twitter’s former blue-bird logo.

A Dwindling Interest In Crypto

Musk’s interest in the crypto market has since waned. In a Dec. 21 X space conversation with ARK Invest CEO Cathie Wood, Musk said that he hardly spends any time ”thinking about cryptocurrency.”

“I have thought for a long time about money and the nature of money,” he said. Money is just “a database for resource allocation.” Musk added that the traditional fiat system “is actually fine as a database for resource allocation,” provided there is minimal abuse from the government.

Elon Musk talks in X Space with Cathie Wood about the Future

by Gail Alfar, Austin, Texas

I listened to Cathie Wood's interview with Elon Musk today. Here’s my takeaway and a brief synopsis of the interview. I hope you will also listen to the full interview.

Mainstream Media… pic.twitter.com/z4zsmRodWZ

— Gail Alfar (@GailAlfarATX) December 22, 2023

In a reply to a warning about fake token promotions on X, Musk said last August that the social media platform he owns will never launch a crypto token of its own.