Tesla Inc will accept meme-based cryptocurrency Dogecoin as payment for some of its merchandise such as the “Giga Texas” belt buckle and mini models of electric vehicles, Chief Executive Officer Elon Musk wrote in a tweet on Friday.
“Tesla merch buyable with Dogecoin,” the eccentric billionaire and CEO of the electric car company stated on his social media.
Tesla’s merchandise includes the recently launched “Cyberwhistle” and “Cyberquad for Kids”. It usually sells out within a few hours of listing.
The move comes a month after Mr Musk said Tesla would test out the digital token as a payment option. Soon it sent dogecoin prices 14 percent higher.
Tesla merch buyable with Dogecoin— Elon Musk (@elonmusk) January 14, 2022
Considered the richest man in the world according to “Forbes” magazine, billionaire Elon Musk conducted an interview with the “Babylon Bee”, a news...see more
Tesla is facing intense competition as legacy automakers such as Ford Motor Co. as well as startups including Rivian Automotive are set to launch their electric cars this year.
The company’s much-awaited Cybertruck will begin production in the first quarter of 2023, pushing back its plan to start production in late 2022, Reuters reported.