In an SEC filing that emerged in late October 2021, Tesla said it may restart accepting cryptocurrencies for its products in the future.
Speculation had been growing for some time. Tree of Alpha, a software engineer, had delved into the source code of the company's website — and discovered a button that would allow DOGE to be used for transactions alongside credit cards.
A QR code is also provided to ensure that the Dogecoin transaction ends up in the right place. The user would then receive two confirmations — one when the payment is initiated and one when it's settled — with consumers warned their order may be canceled if the incorrect amount of DOGE is sent, and funds could be lost if they're sent to the wrong address.
"We currently do not accept payment in digital assets other than Dogecoin. Under no circumstances should you send digital assets other than Dogecoin to us."
DOGE First, BTC Next?
Earlier this week, an open letter from Bitcoin Magazine urged Elon Musk and Tesla to reconsider their stance toward BTC — arguing that the cryptocurrency "accelerates sustainable energy adoption."
"It's a bit ironic that Tesla is so concerned about Bitcoin's energy sources. According to the best available research, Bitcoin's energy mix is already around 56% renewable, compared to around 20% for the average American’s power consumption. Since over 80% of Tesla charging is done at home, does that mean Teslas should be put on hold until the energy people use to charge them is more than 50% renewable? We hope not."