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.

For more breaking stories like this, make sure to follow The Block on Twitter.

About Author

Tim is a News Editor at The Block who focuses on DeFi, NFTs and DAOs. Prior to joining The Block, Tim was a News Editor at Decrypt. He has earned a BA in Philosophy from the University of York and studied News Journalism at the Press Association. Follow him on Twitter @Timccopeland.