Dogecoin price spiked due to Tesla CEO tweet about buying Tesla goods with Dogecoin. However, there is a downside! Tesla states that it will not issue refunds or accept returns for purchases made using DOGE. There is still no information on the amount of goods that have been sold from Dogecoin.
Tesla’s website states that they will not accept any property other than DOGE. The page states that the customer that “non-Dogecoin digital assets sent to Tesla will not be returned to the buyer.”
However, there are other riders who have also received offers from Tesla. Tesla will accept cryptocurrency as payment for a small number of items. Reuters confirmed that it includes a belt buckle that Tesla makes called the “Giga Texas,” along with a horn and models of their small electric vehicles.
Below is a summary of the Tesla website on Dogecoin acceptance.
Once again, the talented technologist and billionaire Tesla caused a significant increase in the value of Dogecoin with his tweets, marca.com reports. The Tesla CEO’s tweet about buying back Tesla with Dogecoin once again caused the value of Dogecoin to increase. The value of Dogecoin skyrocketed after the CEO of Tesla said that his company would accept Dogecoin as payment for some of its products.
His tweet, which read “Tesla Goods Can Be Purchased With Dogecoin,” sent the meme-based coin up to $0.20 around 01:00 am. EST time. The coin is also up 9% at 7:00 a.m. Friday.
Details are now available on what buyers can buy from Tesla with Dogecoin.
According to CNBC, there are now details on what buyers can buy. Musk has caused a surge in Dogecoin’s value in the past and often makes headlines with statements that seem to demonstrate his love of the meme-based coin. He also did a poll asking if Tesla should accept Dogecoin for people to buy Tesla products. When it was released, there were more than 3.9 million votes, with 78.2% saying “Yes”. Musk’s tweets often cause the value of Dogecoin to spike. Since Dogecoin is a meme-based coin, its value often relies on hype and social media discussion to earn value.
According to CNBC, Musk’s tweets and increased interest from a wave of green investors often fueled a frenzied speculation in the cryptocurrency earlier this year and sent its price higher. Musk’s recent tweet caused the value of the meme-based coin to increase by 15%.
Tesla CEO’s tweets are not taken seriously
However, the tweets and statements from the maverick engineer are not taken seriously. For example, earlier, Musk announced that Tesla would accept Bitcoin to pay for his cars. However, he backed down on his statement and said that Bitcoin mining is destructive to the environment and that Tesla has refused to accept BTC as payment for its products.