During the most recent press conference, Elon Musk announced that Tesla will soon accept Dogecoin as a form of payment. He stated that in the near future, DOGE will be included as one of the accepted payment options for purchasing Tesla vehicles. He did not provide a specific timeline for when Tesla would start accepting Dogecoin payments. Elon Musk also commented on America potentially going bankrupt in the future during the BRICS conference. The billionaire publicly voiced his endorsement for Dogecoin while speaking at the ‘We Are Giga’ event in Texas. On stage in front of a large crowd, he confidently exclaimed “Dogecoin to the moon,” eliciting loud cheers and applause. Source: Twitter. The billionaire clarified his endorsement of Dogecoin, stating that he backs it because it is the preferred currency of those with lower incomes. He emphasized that wealthy individuals invest in Bitcoin, while average individuals invest in Dogecoin. He referred to DOGE as the “crypto for the people” and backs the meme currency because ordinary individuals admire it. Also, learn how to potentially earn $1 million if the price of SHIB reaches $0.001.