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Elon Musk says Tesla will accept dogecoin for merchandise

Tesla Inc chief Elon Musk said on Tuesday the electric carmaker will accept dogecoin for merchandise on a test basis.”Tesla will make some merch buyable with Doge & see how it goes,” Musk said in a tweet.

Dogecoin jumped 24 percent to $0.195 following the news.

Tesla sells merchandise such as apparel, belt buckle, mini models of its vehicles, quad bike ‘Cyberquad’ for kids and ‘Cyberwhistle’ modeled after its much-awaited Cybertruck

Tesla had earlier said it would stop accepting bitcoin for car purchases, less than two months after the company began accepting the world’s biggest digital currency for payment.