Dogecoin wasn't the only canine-themed coin to take a tumble.
Bitcoin, the world's biggest digital currency, fell more than 7 per cent after the tweet and was trading at $52,669
Business Standard brings you stories that made the headlines on Thursday
Musk denounces amount of energy used to produce bitcoin; however, Tesla will retain bitcoin holdings
The price of the world's largest cryptocurrency dropped from around $54,819 to $45,700, its lowest since March 1, in just under two hours following the tweet
Bitcoin rebounded to about $50,000 in Asian trading on Thursday after plunging as much as 17% after Elon Musk tweeted Tesla Inc had stopped accepting bitcoin to purchase its vehicles
Billionaire Elon Musk and cryptocurrency aficionado on Tuesday asked his 54 million followers on Twitter "Do you want Tesla to accept Doge?", referring to a digital currency worth roughly 48 cents
Musk's tweets this year have turned the once-obscure digital currency, which began as a social media joke, into a speculator's dream.
Mini-satellite will embark on voyage to the Moon in 2022
Large firms signal mainstream acceptance of crypto
Elon Musk-run SpaceX is now accepting the new cryptocurrency Dogecoin to launch an upcoming satellite named DOGE-1 to the Moon
Crypto currency lost more than a third of its price on Sunday, after the businessman called it a 'hustle'
Dogecoin was quoted as low as $0.47 on crypto exchange Binance, down 28% from levels around $0.65 before the show
The train of lights was actually a series of relatively low-flying satellites launched by Elon Musk's SpaceX as part of its Starlink internet service earlier this week.
Despite tall claims made by Elon Musk over Twitter about the full self-driving technology, electric carmaker Tesla has privately admitted that such claims do not match up with the engineering reality
SpaceX has successfully demonstrated its ability to design and build reusable rockets
The space race between the world's two richest men went into hyperdrive on Tuesday after Tesla chief Elon Musk took a swipe at Jeff Bezos' attempt to challenge a major NASA contract
Tesla fell as much as 3.1% in late trading after its results were announced Monday despite a record profit in the first quarter
The space agency picked Elon Musk's company over two other bidders to take its astronauts back to the lunar surface
People will think of Tesla as much as an AI robotics firm: Musk