Tesla was reported to have been testing a new crypto payment option called "SHIBA." However, some leakers claimed that this new feature is not actually for the rising digital coin SHIB. 

Tesla SHIBA Payment Option Actually for DOGE? Leakers Explain How It Works
(Photo : Photo credit should read OLIVIER MORIN/AFP via Getty Images)
TomorrowLand, a 6 year-old Shiba Inu, poses in the animal shelter of a SPA (society for animal protection) in Gennevilliers, northwestern suburbs of Paris, on August 13, 2019. (Photo by Olivier MORIN / AFP)

Related Article: Elon Musk's Twitter Poll: Just How Much Tesla Stock Does He Own? 

Recently, Elon Musk already hinted that it hinted that his giant EV company would soon accept cryptos as one of the consumers' payment alternatives. Since this is the case, he was able to influence the popular Dogecoin, helping it to have an increased value in the blockchain market.

Now, some leakers on Twitter claimed that the giant electric car developer is working on a new blockchain payment option.

"How I found out Tesla was testing payments for a coin called SHIBA (SBA), and how that coin ended up very likely not being $SHIB, but $DOGE instead," said the leaker, @Tree_of_Alpha, via his latest tweet.

Tesla's SHIBA Payment Option is Actually for DOGE?

According to Gadgets 360's latest report, the anonymous leaker "Tree of Alpha" provided some screenshots to show how the new payment option works.

Tesla SHIBA Payment Option Actually for DOGE? Leakers Explain How It Works
(Photo : Photo by Joe Raedle/Getty Images)
MIAMI, FL - JUNE 06: A Tesla motor company car logo sits on a car in a dealership at the Dadeland Mall on June 6, 2013 in Miami, Florida. The electric car maker is trying to make a move by selling their cars, that can cost between $62,400 and $82,400, into malls and stores.

Also Read: Elon Musk's Tesla is Now an Electricity and Clean Energy Provider in Texas-Solar, Powerwall

In the leaked images, Tesla's official website would have three payment options. These include the following:

  • ORDER WITH CARD
  • ORDER WITH SHIBA
  • ORDER WITH BITCOIN

However, the leaker explained that the new option is actually for Dogecoin. He added that when he used DOGE, the page would redirect him into the processing section. On the other hand, he said that when he tried to use SHIB, the new payment option expired instead.

Because of these details, various rumors claimed that the code-name "SHIBA" is actually based on the popular dog featured on DOGE's digital appearance.

Right now, Elon Musk is doing some unusual things with his companies. Recently, we reported that the billionaire wants to sell his Tesla stocks based on the decision of his Twitter followers.

On the other hand, some experts claimed that the latest Tesla stock price drop is also linked to the current Twitter poll of Musk.

Tesla's Business To Grow Until 2023

Since Tesla is still the top EV manufacturer in the market, many experts claimed that the company would still grow in the next two years. 

CleanTechnica reported that critics believe that the giant automaker could still increase in value by up to 50%. They added that the company could even exceed this estimation in the next two years. 

For more news updates about Tesla and its upcoming innovations, always keep your tabs open here at TechTimes.  

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Written by: Griffin Davis

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