The relationship between Dogecoin and Tesla has been unpredictable over the years. Each time Elon Musk mentions DOGE, the crypto market reacts. Currently, there is a discussion about the potential expansion of Dogecoin payments, which could significantly influence the token's price.
A Look Back: Tesla and DOGE
Tesla first experimented with DOGE payments in 2022, allowing purchases of merchandise like whistles and apparel. In 2024, they expanded the use of DOGE to more items, and each time the market reacted positively. For instance, after adding new Dogecoin payment options in May 2024, the token's price spiked by 21% in a single day.
What Experts Are Saying?
According to GROK AI's analysis, most discussions on social media are optimistic. About two-thirds of posts support the idea of expanding DOGE payments, suggesting the price could surge. Some experts even predict that DOGE could reach $5 if Elon Musk links it to X Payments. However, not everyone is convinced; DOGE's price has previously dropped when Musk denied rumors, as seen in August 2025.
Prospects and Risks
If Tesla accepts DOGE for all vehicles and products, it could lead to a rapid price increase. Predictions suggest the price could reach $0.50 or even $5 in the short term. Conversely, in a limited rollout scenario, DOGE could rise to $0.20–$0.40, before stabilizing around $0.25. More pessimistic forecasts indicate that if Tesla delays or market excitement wanes, DOGE could fall to $0.05–$0.10.
The future of Dogecoin is closely tied to Tesla's actions and market expectations. Even minor shifts can significantly affect the price. If Tesla makes the next move, the market will likely respond actively.
