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.
Stay on top of the latest market trends and economic insights with Axios Markets. Subscribe for free
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.
Like this article? Get more from Axios and subscribe to Axios Markets for free.