Elon Musk "Starting Partial Tesla Product Payments with Dogecoin"
Dogecoin Price Surge Following Musk's Remarks
![Elon Musk, CEO of Tesla <br>[Photo by Yonhap News]](http://www.asiae.co.kr/news/img_view.htm?img=2021082416562790095_1629791786.jpg)
[Asia Economy Reporter Lee Hye-young] Elon Musk, CEO of Tesla, announced on the 14th that some Tesla products can now be purchased using the cryptocurrency Dogecoin.
Musk wrote on Twitter that "Tesla products can be purchased with Dogecoin." In December last year, Musk had declared that Tesla products would be available for payment with Dogecoin.
According to Reuters, some items such as the children's electric bike "Cyberquad" and the whistle souvenir "Cyberwhistle" can actually be purchased with Dogecoin at Tesla's online store. The site lists the Cyberquad priced at 10,220 Dogecoin and the Cyberwhistle at 300 Dogecoin.
According to the cryptocurrency site Coindesk, after Musk's statement, the price of Dogecoin surged about 11%. As of 4:24 PM Korean time, Dogecoin was priced at $0.202465, up 18.24% compared to 24 hours earlier.
Hot Picks Today
!['Still Hesitant? If You're Wondering Whether KOSPI Will Rise, This Is the Number You Must Watch [Weekend Money]'](https://cwcontent.asiae.co.kr/asiaresize/93/2026051415173163355_1778739450.jpg)
'Still Hesitant? If You're Wondering Whether KOSPI Will Rise, This Is the Number You Must Watch [Weekend Money]'
- About 100 Trillion Won at Stake... "Samsung Strike Is an Unprecedented Opportunity" as Prices Surge 20% [Taiwan Chip Column]
- "Heading for 2 Million Won": The Company the Securities Industry Says Not to Doubt [Weekend Money]
- "Now Our Salaries Are 10 Million Won a Month" Record High... Semiconductor Boom Drives Performance Bonuses at Major Electronic Component Firms
- Is It Really Like an Illness? "I Can't Wait to Go Again"—Over 1 Million Visited in Q1, Now 'Busanbyeong' Takes Hold [K-Holic]
Last year, Musk made several statements related to cryptocurrencies, leading to sharp price fluctuations. He called himself the Dogefather but suddenly appeared on a US broadcast jokingly calling "Dogecoin a scam," which caused the price to plummet.
© The Asia Business Daily(www.asiae.co.kr). All rights reserved.
