This development follows Elon Musk's earlier hint that he may accept Dogecoin as a potential payment method for Tesla vehicles.

Dogecoin is Among the Payment Options on the Tesla Website

For purchases made using Dogecoin, customers should look for the Dogecoin symbol on the checkout page. Tesla only accepts payments made through Dogecoin wallets, and products purchased with these payments cannot be paid from multiple wallets, cancelled or returned.

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According to Tesla, the prices of eligible products will be clearly denominated in Dogecoin and will include all applicable taxes.

Elon Musk introduced Dogecoin at an event near Berlin, Germany, in March, suggesting that Tesla might start accepting the cryptocurrency as a payment method for vehicle sales in the future. Musk stated that Tesla "should enable it at some point".

Following this news, the Dogecoin price has increased by over 20% in the last 24 hours and is currently trading at $0.16. The fact that the trading volume in the last 24 hours has increased by over 90% shows that there is a great interest among investors.