Yes, You Can Buy a Tesla with Dogecoin – Only Not from Tesla Itself

Paris: View from the street of new Tesla Model S showroom parked in front of the showroom with customers admiring the red electric luxury car.
AdrianHancu / Getty Images

You can now buy a Tesla using dogecoin, but you’ll have to go through a different company to do it.

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In a Monday press release, Bots Inc., a global blockchain technology company, announced that it will let users buy Teslas and other cars with Dogecoin, a cryptocurrency based on the popular “Doge” internet meme.

Bots said it will allow local car dealerships to accept cryptocurrency such as dogecoin for pre-owned Tesla electric vehicles. Its decision comes amid a larger move by car dealers and manufacturers to reach new customers with crypto. Bots first plans to offer Dogecoin merchant processing services to pre-owned Tesla EV dealers and individuals.

Tesla itself doesn’t allow Dogecoin payments for direct sales of its EVs, though the company did have a brief fling with Bitcoin earlier in the year. In February, it began accepting bitcoin for car purchases, but Musk suspended that program in May amid concerns about the environmental impact of the cryptocurrency.

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He later tweeted that Tesla would likely resume accepting bitcoin payments, though this will only happen when the energy used in mining the crypto reaches the threshold of 50% renewable power, the Bitcoinist website noted.

Meanwhile, the price of Dogecoin got a boost earlier this week after billionaire investor and Dallas Mavericks owner Mark Cuban told CNBC that the community for doge is “the strongest when it comes to using it as a medium of exchange.” In a tweet, Musk said he agreed with Cuban.

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But as GOBankingRates reported on Tuesday, for all of Cuban’s praise of Doge, he still only owns about $500 worth of the crypto. In a March podcast, Cuban said that his crypto portfolio consists of 60% in bitcoin, 30% in ethereum, and 10% in other unnamed coins.

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About the Author

Vance Cariaga is a London-based writer, editor and journalist who previously held staff positions at Investor’s Business Daily, The Charlotte Business Journal and The Charlotte Observer. His work also appeared in Charlotte MagazineStreet & Smith’s Sports Business Journal and Business North Carolina magazine. He holds a B.A. in English from Appalachian State University and studied journalism at the University of South Carolina. His reporting earned awards from the North Carolina Press Association, the Green Eyeshade Awards and AlterNet. A native of North Carolina who also writes fiction, Vance’s short story, “Saint Christopher,” placed second in the 2019 Writer’s Digest Short Short Story Competition. Two of his short stories appear in With One Eye on the Cows, an anthology published by Ad Hoc Fiction in 2019. His debut novel, Voodoo Hideaway, will be published in 2021 by Atmosphere Press.

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