If you are eyeing some Tesla merchandise and your money is tied up in bitcoin, the company will gladly accept your bitcoin. Tesla has announced it will accept Dogecoin for purchases made on its merch store.
The CEO, Elon Musk, made the announcement using his personal Twitter account.
If you want to buy a Cyberquad for your kid, for example, Tesla is going to charge you 12,020 doge, which is about $2,320. However, if the Cyberwhistle catches your fancy, you will pay 300 doge or $58. As part of the announcement, Musk said Tesla would see how it goes, implying the company might start accepting Dogecoin for payment for its vehicles.
After Musk made the announcement, Dogecoin rose to $0.2, an increase of 16 percent.
Buyers outside the US apparently can pay with Dogecoin, too, as a mug in the UK store is listed for 150 doge, or $29. Some items now only have the Dogecoin payment option, although that might be an error.
Musk is known for his support for cryptocurrencies, especially Dogecoin. The crypto started as a meme before it became real. Musk said many of his staff at Tesla and SpaceX had bought into it, making him interested and calling it the people’s crypto.
SpaceX has been accepting Dogecoin for payment and will send a satellite named DOGE-1 to the moon, obviously referencing many of his Twitter followers who respond to his tweets with memes of Dogecoin going to the moon.
Earlier in 2021, Tesla announced it would start accepting payment for its cars with crypto, but the move was suspended about one and a half months later. Musk cited environmental concerns with mining bitcoins using fossil fuel. At that time, he said, “Cryptocurrency is a good idea on many levels, and we believe it has a promising future, but this cannot come at great cost to the environment.”
Dogecoin has been said not to use the same amount of energy as Bitcoin during transactions. However, the lower energy consumption may be due to its lower value compared to Bitcoin. Even then, Musk had announced he was working with the developers behind Bitcoin to improve the system efficiency of transactions.
In other Tesla news, the company has reportedly moved its Cybertruck production to 2023. It had been understood before that production would start this year, although limited. Supporting the report is the fact that all references to production in 2022 have been removed from its website.
Reuters reported that production of the electric truck will now start in the first quarter of 2023. Somebody familiar with the situation told the news agency that the latest delay is due to the features the company wants to change or add to make the truck more attractive to buyers. However, while not mentioned by the source, another factor that could be responsible for the delay is the pandemic and global chip shortage affecting all industries requiring electronic components.
Alluding to the feature changes, Musk had mentioned how hard it was to design a windshield wiper that would work for the large windshield without being massive or hideous. He claimed the design team did not consider it when creating the first prototypes.
The Cybertruck appearance itself is polarizing, looking nothing like the pickup trucks currently on the market. However, the sci-fi-inspired look was deliberate as Musk wanted something that would stand out from the sea of ‘boring’ similarly-looking trucks.
The truck has a stainless steel body in common with SpaceX’s Starship, the tallest and most powerful rocket when completed.
Musk introduced the Cybertruck in 2019, with availability promised for 2021. However, Tesla adjusted the timeline to 2022. Apparently, it is facing more delays, forcing it to postpone again.