{"id":208017,"date":"2021-12-14T15:29:18","date_gmt":"2021-12-14T15:29:18","guid":{"rendered":"https:\/\/cryptoslate.com\/?p=208017"},"modified":"2025-04-10T18:42:05","modified_gmt":"2025-04-10T17:42:05","slug":"elon-musk-announces-dogecoin-payments-for-tesla-merch","status":"publish","type":"post","link":"https:\/\/cryptoslate.com\/elon-musk-announces-dogecoin-payments-for-tesla-merch\/","title":{"rendered":"Elon Musk announces Dogecoin payments for Tesla merch"},"content":{"rendered":"<p>Elon Musk, CEO of Tesla Motors, tweeted in support of Dogecoin and declared that Tesla will now accept Dogecoin as payment for its merchandise. The tweet prompted the token prices to soar past 30% within minutes after the announcement was made online.<\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"500\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">Tesla will make some merch buyable with Doge & see how it goes<\/p>\n<p>&mdash; Elon Musk (@elonmusk) <a href=\"https:\/\/twitter.com\/elonmusk\/status\/1470703708677840896?ref_src=twsrc%5Etfw\">December 14, 2021<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>The Tesla CEO has been a long supporter of Dogecoin, a Japanese Shiba Inu-based currency that was created as a joke in 2013.<\/p>\n<h2>Tesla to accept payments in Dogecoin<\/h2>\n<p>Musk, who was recently declared as Time Magazine's person of the year, has always been a dedicated dogecoin supporter. The Tesla chief had earlier extended his support to Dogecoin when the original creators of the meme currency had <a href=\"https:\/\/www.businessinsider.in\/finance\/news\/dogecoins-creator-sold-all-his-coins-6-years-ago-after-getting-laid-off-and-says-he-is-stunned-by-the-mania-around-the-meme-based-token\/articleshow\/80880860.cms\">abandoned<\/a> the said venture in 2015.<\/p>\n<p>Tesla is not the only company that has openly declared its support to Dogecoin. The Dallas Mavericks, a basketball team owned by crypto investor Mark Cuban had <a href=\"https:\/\/www.forbes.com\/sites\/carlieporterfield\/2021\/03\/04\/mark-cubans-dallas-mavericks-are-accepting-dogecoin-as-payment-because-we-can\/\">earlier<\/a> backed Dogecoin by accepting it as payment for its merch and tickets.<\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"500\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">The point about DOGE that people miss is that DOGE&#39;s imperfections and simplicity are it&#39;s greatest strengths. You can only use it to do 2 things: Spend It or HODL It. Both are easy to understand. And it&#39;s cheap to buy. Which makes it a community anyone can join and enjoy.<\/p>\n<p>&mdash; Mark Cuban (@mcuban) <a href=\"https:\/\/twitter.com\/mcuban\/status\/1426905539364200453?ref_src=twsrc%5Etfw\">August 15, 2021<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>While Tesla may be the biggest corporate holder of Bitcoin, Musk has always shown interest in Dogecoin and has tweeted multiple times in support of the meme currency. In May, Musk had tweeted that he was working with Dogecoin developers to improve its system efficiency.<\/p>\n<blockquote><p>\u201cFundamentally, Bitcoin is not a good substitute for transactional currency. Even though it was created as a silly joke, Dogecoin is better suited for transactions,\u201d Musk said in an <a href=\"https:\/\/www.space.com\/elon-musk-time-magazine-person-year-2021\">interview<\/a> with Time Magazine<\/p><\/blockquote>\n<p>Following Musk's tweet to accept payments in <a href=\"http:\/\/cryptoslate.com\/coins\/dogecoin\">Dogecoin<\/a>, the price of the token has surged past 30%, and as per CryptoSlate, is currently trading at $0.20.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Elon Musk, CEO of Tesla Motors, tweeted in support of Dogecoin and declared that Tesla will now accept Dogecoin as payment for its merchandise. The tweet prompted the token prices to soar past 30% within minutes after the announcement was made online. Tesla will make some merch buyable with Doge &#038; see how it goes [&hellip;]<\/p>\n","protected":false},"author":824,"featured_media":208021,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[77032],"tags":[74035],"post_folder":[],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v21.9 (Yoast SEO v21.9.1) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Elon Musk announces Dogecoin payments for Tesla merch<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/cryptoslate.com\/elon-musk-announces-dogecoin-payments-for-tesla-merch\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Elon Musk announces Dogecoin payments for Tesla merch\" \/>\n<meta property=\"og:description\" content=\"Elon Musk, CEO of Tesla Motors, tweeted in support of Dogecoin and declared that Tesla will now accept Dogecoin as payment for its merchandise. 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