Bitrabo Editorial
Elon Musk, CEO of Tesla and a prominent supporter of Dogecoin, has stirred excitement among DOGE fans once again. At the launch event for Tesla’s latest self-driving vehicle, dubbed the “Cybercab,” a Shiba Inu, the breed linked to Dogecoin, made an eye-catching appearance, sparking a flurry of enthusiasm from the community.
Reactions from the Dogecoin Community
The official Dogecoin account on X (previously known as Twitter) reached out to Musk, playfully calling it “a Shiba Inu taxi.” This playful reference has led to rampant speculation about Tesla’s possible intentions to incorporate Dogecoin into its payment methods.
Hey @elonmusk is that a Shiba Inu taxi? pic.twitter.com/ihfktgc4ds
— Dogecoin (@dogecoin) October 11, 2024
Another notable DOGE advocate, Sir Doge of the Coin (@dogeofficialceo), emphasized the moment’s significance: “Tesla showcased a Shiba Inu Doge during their Robotaxi launch video.” Community member Đoge420 (@dogecoine420) echoed this sentiment, questioning whether Dogecoin will be accepted for purchases of the new vehicle.
Conversely, Astro (@Astro1062) drew attention to the unclear messaging from Tesla, stating: “Tesla has not provided details on payments for Cybercab rides, which might be available in 2026. There’s also a lack of clarity from X about XPayments and from Starlink regarding their cooperation with Dogecoin. It feels too quiet.”
Introducing the New Tesla Cybercab
During a presentation on a movie set in Hollywood, Musk himself showcased the Cybercab, arguing that most cars spend too much time idle. He emphasized that with autonomous technology, vehicles could potentially be used significantly more often.
The Cybercab is designed as a two-seater with scissor doors, lacking a steering wheel or accelerator pedal to highlight its fully autonomous features. Its interior aligns with the sleek minimalist style of Tesla’s Model 3 and Model Y, centered around a prominent touchscreen display. Notably, the Cybercab supports wireless charging, eliminating the need for cables.
Although details on aspects such as range and battery specifications were not revealed, Musk hinted at an ambitious timeline for production, expected to start in 2026. The vehicles are anticipated to have a price tag under $30,000. Musk envisions a fleet of self-driving Teslas available through a special app, with the goal of lowering transport costs to just $0.20 per mile, well below the standard $1 per mile for city buses.
In conjunction with the Cybercab, Musk introduced the “Robovan,” an autonomous minibus with a capacity for up to 20 passengers. The event also showcased advancements in Tesla’s humanoid robot initiative, Optimus. A group of these robots demonstrated their functionalities. Musk indicated significant progress has been made, with the robots predicted to cost between $20,000 and $30,000 in the future.
Musk has continuously promoted autonomous vehicles as essential to Tesla’s vision, suggesting that owners could utilize their cars in a robotaxi network for additional income.
Dogecoin Price Movement
Despite no formal statements on the acceptance of Dogecoin for Cybercab purchases or other services, the appearance of the Shiba Inu has reignited conversations about potential collaborations between Tesla and the cryptocurrency. Given Musk’s past influence on Dogecoin’s value through social media, the community’s curiosity has been reignited.
However, the expected market reaction for DOGE has not materialized. The cryptocurrency has increased by 1.4% in the last 24 hours, generally aligning with the broader crypto market trends. As of now, Dogecoin is trading at $0.10845.