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Monday, March 27, 2023

‘Do you want Tesla to accept Doge?’ Musk asks Tweeps

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Elon Musk early on Tuesday asked his followers in a poll on Twitter whether Tesla Inc (TSLA.O) should accept payment in dogecoin.

Musk’s latest tweet comes just days after he said that his commercial rocket company, SpaceX, will accept the meme-inspired cryptocurrency as payment. read more

“Do you want Tesla to accept Doge?” Musk asked his about 53.8 million followers on Twitter.

Musk’s tweets this year have turned the once-obscure digital currency, which began as a social media joke, into a speculator’s dream.

But the cryptocurrency lost more than a third of its price on Sunday after he called it a “hustle” during his guest-host spot on the “Saturday Night Live” comedy sketch TV show.

Dogecoin was quoted as low as $0.416 on crypto exchange Binance, down 36% from levels around $0.65 before the show. It retraced some of that move later on Sunday, and was briefly trading as high as $0.569. However, the value again dropped to $0.46 as at the time of filing this report.

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