Tesla Taking Doge? Elon Musk Hints at Dogecoin Payment Option After 15% Surge
Tesla CEO Elon Musk has long backed Dogecoin (DOGE), initially expressing admiration for the cryptocurrency in 2019. Despite DOGE's earlier obscurity, it gained momentum with Musk's endorsements and broader crypto market trends. In 2021, DOGE hit a peak of $0.7376, followed by declines and a recent resurgence.
Musk's recent remarks during a Q&A session at the Berlin gigafactory fueled DOGE's resurgence. Responding to an audience question about buying a Tesla with Dogecoin, Musk stated, "We should facilitate that," echoing DOGE's rallying cry, "Dogecoin to the moon."
Musk cited encounters at Tesla and SpaceX facilities as influencing his initial support for DOGE, hinting at Tesla's potential acceptance of DOGE payments for vehicles. Notably, Tesla previously accepted Bitcoin but halted due to environmental concerns regarding Bitcoin's energy-intensive mining process, which DOGE shares to some extent.
Despite this, Musk's comments boosted DOGE by 15% on March 14, prompting speculation about its future integration with Tesla payments.
