As such, his most recent Twitter announcement on the topic should not come as a surprise. “Tesla merch buyable with Dogecoin,” he says in a post. He doesn’t offer details on when the change should become applicable but, if we know one thing about his Twitter habits, it’s that when his statements do come true, they usually happen very quickly.
Neither does he say whether this would be applicable to Tesla vehicles, which, technically, could qualify as “Tesla merch.” After Tesla dropped the option to pay for the EVs in Bitcoin due to environmental concerns (mining for Bitcoin comes with a huge carbon footprint because of the high-energy resources needed for it), it was widely assumed Dogecoin would become the replacement crypto.
Even in his TIME profile, which saw him named as the Person of the Year for 2021, Musk compared Bitcoin and Dogecoin, tipping the scales in the latter’s favor. Bitcoin had a very high value, which made it more suitable as an investment, whereas Doge was more transactional, in that it “encourages people to spend, rather than sort of hoard as a store of value.”
As of the time of press, Musk’s short and condensed announcement is being met with warm praise from his followers. Expect the Dogecoin value to increase in the following hours because such is the power of Elon.
Tesla merch buyable with Dogecoin— Elon Musk (@elonmusk) January 14, 2022