Elon Musk's recent announcement marks a significant shift as Tesla now accepts Dogecoin as a valid payment method, as indicated on the company's official website. This move comes after Musk hinted at the possibility of Dogecoin being accepted for Tesla purchases previously. Dogecoin has been added to the list of payment options, with customers required to locate the Dogecoin symbol on the payment page for transactions. It's noteworthy that Tesla only accepts payments made through Dogecoin wallets, and certain transactional actions, such as payment from multiple wallets and order cancellations, are not feasible for products purchased using Dogecoin. Musk first introduced Dogecoin as a potential payment method at an event near Berlin, Germany, earlier. Following this revelation, the price of Dogecoin surged by over 20% in the last 24 hours, with a remarkable 90% increase in trading volume, indicating heightened investor interest.

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