Dogecoin Surges as Elon Musk Teases Tesla Merchandise Plan

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Dogecoin rose 33% after Tesla CEO Elon Musk mentioned the electrical carmaker would settle for dogecoins as fee for its merchandise.

  • “Tesla will make some merch buyable with Doge & see how it goes,” Musk tweeted.
  • Dogecoin costs rose to as excessive as $0.20 following Musk’s tweet. They fell to $0.18 after the preliminary spike.
  • Musk, the founding father of Tesla and house exploration agency SpaceX, has beforehand lent assist to Dogecoin growth and adoption even as the memecoin’s creators deserted the mission again in 2015.

UPDATE (Dec. 13, 11:00 UTC): Adds tweet.