Tesla dips into dogecoin

Data: CoinMarketCap; Chart: Will Chase/Axios

Tesla followed through on its December promise to accept dogecoin.

The big picture: The company added the meme-inspired cryptocurrency as a payment option for some merchandise on Friday — sending the price up about 20% to some $0.20, per Reuters.

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Flashback: Tesla briefly accepted bitcoin for car purchases last year when Elon Musk also started accepting dogecoin as a payment form for an upcoming SpaceX mission.

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