While Elon Musk Boosts The Dogecoin Price, The Tesla Dogecoin Dream Is Already Coming True

Tesla billionaire Elon Musk, the meme-loving CEO who also leads rocket company SpaceX, has ramped up his support of "joke" cryptocurrency dogecoin in recent months.

The dogecoin price has soared as Musk has flirted with accepting the meme-based dogecoin as payment, promised to put a "literal" dogecoin on the moon, and called a dogecoin-heated hot tub a "great idea."

Now, amid calls from doge fans for Tesla to allow their cars to create dogecoin tokens while they're charging, a process known as "mining," a rival electric car company has revealed it's working on a car that can mine dogecoin and other cryptocurrencies.

This week, Toronto-based electric car company Daymak announced it's building a futuristic, three-wheeler car that can mine "a multitude" of cryptocurrencies including bitcoin, dogecoin and ethereum while charging.

Set for launch in 2023, Daymak has begun accepting pre-order payments for the Spiritus in cryptocurrencies—something Daymak president Aldo Baiocchi claims has resulted in "several pre-orders via bitcoin since the announcement" and contributing to the company raking in $400 million from pre-orders.

"We feel crypto is the future," says Baiocchi, speaking over the phone following the announcement and explaining the car's solar "trickle charge" will mean crypto mining doesn't deplete the battery while it's charging and running the energy-intensive crypto mining CPU will "help heat the car in winter."

"Whereas most vehicles are depreciating while they sit in your garage, the Nebula Miner will make you money while your Spiritus is parked," Baiocchi said in a press release announcing the crypto-mining car. "The current crypto movement is a clear indication that by the 2023 Spiritus release date, we will be in the midst of the blockchain revolution."

Bitcoin and cryptocurrencies have exploded into the limelight this year as prices soar and tech investors bet that bitcoin's blockchain technology will become a pillar of finance and software—with the bull run seeing even tongue-in-cheek tokens like dogecoin soar.