Elon Musk has announced that Tesla will, at some point in the future, accept Dogecoin ($DOGE) as a payment method for its vehicles, stating "Dogecoin to the moon." This statement, made during an event at Tesla's Giga Berlin manufacturing plant, has led to significant movements in the cryptocurrency market. Following Musk's announcement, Dogecoin experienced a notable surge in value, with reports indicating an 11% increase initially, and then up to a 14% increase, bringing the meme coin's price to $0.189, a 43% increase over two weeks. Despite Tesla and SpaceX holding substantial amounts of Bitcoin in their corporate treasuries, $711m and ~$580m respectively, neither currently holds Dogecoin. Musk's preference for Dogecoin over Bitcoin was highlighted, with him stating that Dogecoin is 'for the people.'