Tesla Stock’s Future Looks Bright Thanks to Dogecoin Merch Payments

InvestorPlace2022-01-15

Exactly one month ago, Dogecoin(CCC:DOGE-USD) prices shot up following an announcement from Elon Musk. The man hailed as the “Dogefather” confirmed that Tesla(NASDAQ:TSLA) was going to start accepting...

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精彩评论

beebeeyan
2022-01-16
beebeeyan
haha
Cheryi
2022-01-16
Cheryi
Like
Cheryi
2022-01-16
Cheryi
Ok
OCY
2022-01-15
OCY
:)
KYHBKO
2022-01-15
KYHBKO
merchandise is only a small part of Tesla's earnings. with this, it makes sense to test the use of cryptocurrency before a wider adoption of crypto. this will be a good test case for reference.
- RudolfKennedy:
  Tesla's share price will fall again unless Bitcoin can rise tenfold.
- KYHBKO:
  personally, I am not sure too. there are various speculations.
- maroketo:
  What's the connection between Musk and Satoshi Nakamoto?
- RonaldNixon:
  Tesla's share price will fall again unless Bitcoin can rise tenfold.
- letgo09:
  Virtual currency does not support Tesla to get a high valuation.
MN27
2022-01-15
MN27
Like pls
- Cheryi:
  ok

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The man hailed as the “Dogefather” confirmed that Tesla(NASDAQ:TSLA) was going to start accepting...</p>\n\n<a href=\"https://investorplace.com/2022/01/tesla-stock-future-looks-bright-thanks-to-dogecoin-merch-payments/\">网页链接</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"TSLA","symbol_name":"特斯拉","start_time":0,"source_url":"https://investorplace.com/2022/01/tesla-stock-future-looks-bright-thanks-to-dogecoin-merch-payments/","article_id":"1111737300","we_media_id":null,"thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1111737300","pubTimestamp":1642203900,"columns":[],"sourceInfo":{"source_id":"lsy1606302653667","name":"InvestorPlace"},"weMediaInfo":null,"summary":"Exactly one month ago,Dogecoin(CCC:DOGE-USD) prices shot up following anannouncementfrom Elon Musk. The man hailed as the “Dogefather” confirmed thatTesla(NASDAQ:TSLA) was going to start accepting the","collect":0,"end_time":0,"defaultTopTitle":"investorplace.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"TSLA":"特斯拉"},"translate_title":"多亏了Dogecoin Merch的付款，特斯拉股票的未来看起来很光明","themeId":"","isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"TSLA":0.9},"content_text":"Exactly one month ago, Dogecoin(CCC:DOGE-USD) prices shot up following an announcement from Elon Musk. The man hailed as the “Dogefather” confirmed that Tesla(NASDAQ:TSLA) was going to start accepting the popular meme coin as payment for company merchandise. This news sent Dogecoin price shooting up as investors pondered what the future would bring for both the original meme coin and for Tesla stock. Today, as we watch Dogecoin prices surge on the first day of Teslaaccepting it, we have our answer. And while the patterns that we’ve seen from Tesla stock haven’t been so exciting, there’s no reason for investors to worry.What’s Happening With Tesla StockThe first two weeks of 2022 have been marked by turbulence for the electric vehicle (EV) innovator. Today’s news hasn’t helped in this regard. As of this writing, Tesla stock is down 0.83% for the day and looks ready to close out this week on a low note. However, the gains it experienced a few days ago are keeping it in the green by 2.4% for the week. Shares remain up almost 7% for the month, spurred by the growth the stock experienced earlier in the new year.Dogecoin, on the other hand, has reacted well to the news of the day. It is currently up almost 9%. Despite its dip yesterday, the crypto remains in the green for the week by more than 24%. Given the plunge that Dogecoin experienced on Jan. 10, this is welcome news for investors.Why It MattersTo the untrained eye, this news might seem to be only benefitting one involved party. Everyone should remember, though, that Tesla stock is currently grappling with other market forces. The general momentum isn’t working in its favor today. As was the case yesterday, fellow EV producers Rivian(NASDAQ:RIVN) and Fisker(NYSE:FSR) have also been watching their shares decline all day. Additionally, Tesla’s recent decision to delay the launch of its electric Cybertruck is raising some eyebrows among investors.While EV buffs aren’t happy that they’re going to have to wait another year for the Cybertruck, it shouldn’t worry investors. Musk is known for missing deadlines, but through it all, Tesla has maintained its spot at the front of the EV race. And despite its turbulent December, Tesla stock remains in the green by more than 57% for the past six months. Investors have plenty to be optimistic about, particularly if the company secures its expansion into India. If it involves bad public relations, Tesla is very likely to shake it off easily.While it may not receive much coverage, Tesla does offer quite a bit of company-themed merchandise. Now that it’s accepting DOGE, it’s opened itself up to a new range of shoppers. AsInvestorPlace’s Joel Baglole recently laid out, “a whistle shaped like Tesla’s Cybertruck costs 300 Dogecoin. At current prices, that comes out to about $59. A commemorative belt buckle to celebrate Tesla’s Gigafactory in Texas can be bought for 835 DOGE, or about $164.”What It Means for Tesla StockWhile merchandise doesn’t represent a significant portion of Tesla’s sales, accepting Dogecoin will only help boost its social media traction. Dogecoin is the meme token that launched the pupcoin frenzy — it’s well known that it is powered by a strong digital army. When the Dogecoin army gets tweeting, they can help prices rise. The way it looks from here, Tesla only stands to see both its merch sales and social media buzz increase.Perhaps most importantly, this decision from Tesla helps lend further credibility to Dogecoin. Musk has tweeted that he owns the crypto, but accepting it as payment demonstrates that the meme coin has real world 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is only a small part of Tesla's earnings. with this, it&nbsp;makes sense to test the use of cryptocurrency before a wider adoption of crypto. this will be a good test case for reference.&nbsp;","listText":"merchandise is only a small part of Tesla's earnings. with this, it&nbsp;makes sense to test the use of cryptocurrency before a wider adoption of crypto. this will be a good test case for reference.&nbsp;","text":"merchandise is only a small part of Tesla's earnings. with this, it makes sense to test the use of cryptocurrency before a wider adoption of crypto. this will be a good test case for reference.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":6,"repostSize":0,"link":"https://laohu8.com/post/697947800","repostId":1111737300,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":7181710,"gmtCreate":1642291844317,"gmtModify":1642299283276,"authorId":9000000000000404,"author":{"id":9000000000000404,"idStr":"9000000000000404","authorId":9000000000000404,"name":"RudolfKennedy","avatar":"https://static.tigerbbs.com/4bf2f8692df593c0e58239fd56abf27c","vip":8,"crmLevel":1,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":697947800,"type":1,"supId":0,"prevId":0,"content":"Tesla's share price will fall again unless Bitcoin can rise tenfold.","text":"Tesla's share price will fall again unless Bitcoin can rise tenfold.","html":"Tesla's share price will fall again unless Bitcoin can rise tenfold."},{"id":7181772,"gmtCreate":1642292837993,"gmtModify":1642292838023,"authorId":3574381076586256,"author":{"id":3574381076586256,"idStr":"3574381076586256","authorId":3574381076586256,"name":"KYHBKO","avatar":"https://static.tigerbbs.com/c3bcbc7f9a10836dea92afc94bf39b5b","vip":2,"crmLevel":4,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":697947800,"type":1,"supId":7181711,"prevId":0,"content":"personally, I am not sure too. there are various speculations.","text":"personally, I am not sure too. there are various speculations.","html":"personally, I am not sure too. there are various speculations."},{"id":7181711,"gmtCreate":1642291853387,"gmtModify":1642291853387,"authorId":3479274779734729,"author":{"id":3479274779734729,"idStr":"3479274779734729","authorId":3479274779734729,"name":"maroketo","avatar":"https://static.laohu8.com/picture113","vip":8,"crmLevel":1,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":697947800,"type":1,"supId":0,"prevId":0,"content":"What's the connection between Musk and Satoshi Nakamoto?","text":"What's the connection between Musk and Satoshi Nakamoto?","html":"What's the connection between Musk and Satoshi Nakamoto?"},{"id":7181707,"gmtCreate":1642291763602,"gmtModify":1642291763602,"authorId":9000000000000407,"author":{"id":9000000000000407,"idStr":"9000000000000407","authorId":9000000000000407,"name":"RonaldNixon","avatar":"https://static.tigerbbs.com/bc939ac6fbcb8985885a8a5671929aec","vip":8,"crmLevel":1,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":697947800,"type":1,"supId":0,"prevId":0,"content":"Tesla's share price will fall again unless Bitcoin can rise tenfold.","text":"Tesla's share price will fall again unless Bitcoin can rise tenfold.","html":"Tesla's share price will fall again unless Bitcoin can rise tenfold."},{"id":7181699,"gmtCreate":1642291715863,"gmtModify":1642291715863,"authorId":3479274778362153,"author":{"id":3479274778362153,"idStr":"3479274778362153","authorId":3479274778362153,"name":"letgo09","avatar":"https://static.laohu8.com/picture110","vip":8,"crmLevel":1,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":697947800,"type":1,"supId":0,"prevId":0,"content":"Virtual currency does not support Tesla to get a high valuation.","text":"Virtual currency does not support Tesla to get a high valuation.","html":"Virtual currency does not support Tesla to get a high valuation."}],"langContent":"CN"},{"id":697940885,"gmtCreate":1642235854179,"gmtModify":1642235854505,"author":{"id":"3585973860502184","authorId":"3585973860502184","name":"MN27","avatar":"https://static.tigerbbs.com/0a11b544b50a084b6af0533c0b412c51","vip":1,"crmLevel":2,"crmLevelSwitch":0,"idStr":"3585973860502184","authorIdStr":"3585973860502184"},"htmlText":"Like 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