#StablecoinPayments

Dogecoin Unfazed After Elon Musk Rejects Report of His Tesla Exit

Dogecoin prices have fluctuated between 16 and 17 cents over the past 24 hours, in line with the market's stability. Musk is known for his support of Dogecoin, and his comments or company developments often influence Dogecoin prices.

Tesla's board members approached several executive headhunters about replacing Musk about a month ago, prompted by his extensive engagement with the Trump administration, according to the Wall Street Journal. The board members met with Musk and asked him to publicly acknowledge that he would be spending more time at Tesla.

"This news is completely false and was reported to the media before the report was published," Tesla's X account stated Thursday morning. "Tesla's CEO is Elon Musk, and the board is fully confident in his ability to continue executing our ambitious growth plan ahead."

In a subsequent post, Musk called the report an "intentionally false article."

Tesla has been accepting DOGE—the only token it supports—to pay for goods on its website since early 2022. Users can link their DOGE wallets directly to the site and transfer assets to Tesla's Dogecoin wallets to make purchases