Tesla's upcoming burger stand and drive-in theater will take Dogecoin as payment, according to Elon Musk.

 

Tesla's upcoming modern burger establishment and drive-in theatre, set to open in the Hollywood area, will accept the meme digital currency dogecoin, according to Elon Musk. DOGE is currently recognized by the electric vehicle association for a product on its website.

Elon Musk, the CEO of Tesla and SpaceX, responded to a tweet by designer Ryan Zohoury, who reported another Tesla supercharger station in Santa Monica, California, is nearly full 10 minutes after it opened, with a tweet about future dogecoin payment acknowledgment.

"And a modern burger joint/drive-in venue made preparations for the Hollywood re
gion," the Tesla manager tweeted. In a subsequent tweet, he added:

You can, of course, pay in Doge as well.

At the time of publication, the Tesla CEO had not specified what the picture cryptographic money can be used for.

Some people believe Tesla supercharger stations would accept dogecoin, while others see Musk's message as only referring to the upcoming burger joint and drive-in performance centre in the Hollywood area.

Regardless, supporters of Dogecoin invite Musk's plan to expand the acceptance of the picture cryptographic money.

The price of Dogecoin, on the other hand, is unaffected by this news. DOGE was trading at $0.1417 at the time of Musk's post.

Elon Musk on the new mode of payment

They were completely occupied barely 10 minutes following the launch of new Tesla superchargers in the Santa Monica neighbourhood, according to a recent tweet from Ryan Zohour. Elon responded by announcing that a Tesla diner and drive-in will be opening in the region soon. "And, of course, you can pay in Doge," he continued. As a result, we can anticipate the same payment option in additional sites in the future.

It's unclear whether Elon meant the payment option for the dining or the superchargers when he tweeted about it. However, I believe this is solely for the diner.

This action by Tesla has been praised by investors and Dogecoin supporters alike. But the question is whether returning to the prior ATH will actually assist Dogecoin. After the SNL event meltdown, the price has just not recovered, and it is now 80 percent below its all-time high. In addition, one of Doge's primary developers recently left, potentially jeopardising the project's survival.

Why is Tesla starting to open diners?

Tesla will use this diner to keep customers interested in electric vehicles. Many consumers are currently complaining about the high wait times at Tesla superchargers. Having a cafe in the same location will allow Tesla owners a place to sit and eat while their cars are being charged. This will serve as a hook and provide the company with an additional revenue stream.

What are your opinions on Elon Musk's announcement that Dogecoin will be accepted at Tesla's new cafe and drive-in theatre? Do you believe this will assist in its adoption? Please let us know in the comments section below. If you enjoyed our article, please like and share it with your friends.