In a move that further solidifies Elon Musk's support for the popular meme cryptocurrency, Tesla has officially added Dogecoin (DOGE) as a payment method on its website. This decision comes after Musk hinted in March that the electric vehicle manufacturer might consider accepting Dogecoin as payment for its cars in the future.

Tesla Starts Supporting Dogecoin During a visit to Tesla's Gigafactory near Berlin, Germany, in March, Musk enthusiastically promoted the meme coin to the crowd. When asked about the possibility of Tesla accepting Dogecoin as a payment method for its vehicles, Musk expressed his belief that the company should consider enabling this option.

Now, as part of a recent update, Tesla has officially included Dogecoin as a payment option on its website. The payments page has been updated to list Dogecoin, a cryptocurrency that enjoys immense popularity among the crypto community.

However, it's important to note that DOGE is currently only accepted as a form of payment for merchandise in the online Tesla Shop. According to the update, select products may now be purchased using Dogecoin.

To make a purchase with Dogecoin, customers must use a Dogecoin wallet. All eligible Tesla products will have their prices clearly displayed in DOGE. The listed price will cover all relevant taxes, as stated in the FAQ.

There are certain conditions to consider when making Dogecoin payments. First, Tesla does not accept payments from multiple wallets for a single order. Additionally, once an order is placed, it cannot be canceled. Finally, it's important to note that returns are not applicable for items purchased with Dogecoin.

Tesla exclusively accepts Dogecoin as a form of payment and cannot receive or detect any other digital assets. Customers must use Dogecoin for their purchases.

Dogecoin Spikes This move by Tesla has already had an impact on the value of Dogecoin. At the time of writing, the value of DOGE stands at $0.1653, reflecting a 0.5% rise in the last hour and a 20.0% increase since yesterday.

Musk's recent enthusiasm for Dogecoin signals his re-emergence in the public eye as a vocal supporter of the meme coin. He has consistently promoted Dogecoin through various channels, including social media, media appearances (notably on "Saturday Night Live"), and even incorporating the "doge" meme into Twitter's logo, replacing the iconic blue bird.

Interestingly, Musk also owns a pet Shiba Inu named Floki, which has served as the inspiration for another well-known meme crypto with the same name. Dogecoin is known for its exceptionally high volatility, even when compared to other cryptocurrencies.

As Elon Musk continues to express his support for Dogecoin, Tesla's decision to accept the meme cryptocurrency as a payment method further solidifies its legitimacy and mainstream adoption. However, it remains to be seen how this move will impact Tesla's operations and the broader cryptocurrency ecosystem.