Musk Announces Tesla Will Accept Dogecoin for Merch: Tesla Confirms It Accepts Only DOGE

The founder and CEO of Tesla took to Twitter to announce that customers can now buy select merchandise items using Dogecoin (DOGE),

The founder and CEO of Tesla took to Twitter to announce that customers can now buy select merchandise items using Dogecoin (DOGE), finalizing his statements made on December 14.

Tesla Accepts Only Dogecoin

Dogecoin is now the first digital asset accepted by the electric car manufacturer. In March 2021, Tesla announced that it would begin taking payments in Bitcoin. However, 49 days later, Tesla pulled the plug, citing concerns about fossil fuels for Bitcoin mining.


Along with accepting DOGE for payment, Tesla has confirmed that Dogecoin is the only crypto it accepts. The electric car manufacturer writes, “Tesla cannot receive or detect any other digital assets.”

Customers who send other digital assets to Tesla would be unable to get them back, as they would be lost or destroyed.

What Tesla Merch Can You Buy With Dogecoin?

With Dogecoin (DOGE) payments now live on the Tesla store, many have asked what merchandise customers they could buy using DOGE, since Bitcoin was accepted for electric car purchases.

Customers can buy the Cyberquad for Kids (12,020), the Giga Texas Belt Buckle (835 DOGE), and the Cyberwhistle (300 DOGE).

Since the announcement, the meme coin has gained more than 20%, setting a new 30-day high of $0.2032 in the process. DOGE now trades at $0.191 and ranks as the 12th largest crypto with a $25.1 billion market cap.

On the Flipside

Tesla is yet to announce if DOGE will one day be used to buy electric vehicles.

Why You Should Care

Musk has suggested that Dogecoin is his favorite cryptocurrency because it consumes significantly less power than Bitcoin and is better for transactions.

This article is for information purposes only and should not be considered trading or investment advice. Nothing herein shall be construed as financial, legal, or tax advice. Trading forex, cryptocurrencies, and CFDs pose a considerable risk of loss.

Milko Trajcevski

Milko Trajcevski is a DailyCoin news reporter, mainly focused on Ethereum (ETH), Cardano (ADA), and their founders (Vitalik Buterin and Charles Hoskinson). Milko is an avid follower of crypto and blockchain technology and has written thousands of articles on the subjects. He finds joy in transforming complex issues into written content that anyone can understand. Milko has used and analyzed numerous exchanges, such as Coinbase, FTX, and Binance. He also closely follows all of the latest news around the largest decentralized exchanges (DEXs). Location: Skopje, Macedonia