Elon Musk forecasts Dogecoin payment option for buying Tesla cars 'at some point'

Elon Musk stated that people would eventually be able to purchase Tesla automobiles with Dogecoin DOGE +8.27% cryptocurrency during his recent visit to the company’s manufacturing plant, Giga Berlin. The car company already lets users purchase merchandise with Dogecoin. 

“When can you buy Tesla with Dogecoin? At some point, I think we should enable that.” Musk said in a video uploaded by X user @dogeofficialceo, answering a query about car purchases with Dogecoin. “You can buy Tesla merch with Doge, which is cool. So, Dogecoin to the moon.”

Musk has previously expressed his fondness for the dog-themed memecoin on multiple occasions.

His latest support for the token follows his comments that may indicate a waning interest in cryptocurrencies in general. Last year, Musk mentioned that he no longer devotes much time to thinking about cryptocurrencies. The CEO of Tesla also stated on X that the social media platform, formerly known as Twitter, would “never” launch a crypto token.

Musk's comments have historically influenced Dogecoin's value.

Notably, Dogecoin's price increased by 6.9% in the past 24 hours to $0.185 at the time of writing, according to The Block’s price page . The cryptocurrency has surged nearly 100% year-to-date.