"Tesla will make some merch buyable with Doge & see how it goes," Musk said in a tweet. The carmaker's shares were down 3 percent in early trading, amid broader market declines.— Elon Musk December 14, 2021 Dogecoin, popular among retail investors, raced up to $0.20 after the tweet.
Musk did not specify what merchandise, whose prices start from $50 and go as high as $1,900, could be bought with dogecoin. Musk, a cryptocurrency supporter, has often endorsed dogecoin and said it is better for transactions, most recently in an interview to the Time magazine, which named him "Person of the Year" for 2021 on Monday.
Musk, who has over 66 million followers on Twitter, has been highly engaged in this year's retail trading frenzy, tweeting about cryptocurrencies and helping send their prices soaring.
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