Elon Musk: Tesla will start selling merchandise for Dogecoin


Car manufacturer Tesla will be offering merchandise for sale with dogecoin (DOGE) according to Tesla CEO Elon Musk.

"Tesla will make some merch buyable with Doge & see how it goes," tweeted Musk today.

The price of dogecoin surged 20% on his tweet, rising as high as $0.20.

Musk has been a longtime fan of dogecoin. He has invested in it, bought it for his toddler and has even discussed with its developers about making it handle a higher throughput.

When he was named Time Magazine's man of the year, he said, “Fundamentally, bitcoin is not a good substitute for transactional currency." Instead, he suggested dogecoin — even though it was created as a joke.

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May 5, 2022, 3:17PM UTC