Business

Giant Elon Musk statue will be left at Tesla as gift from crypto fans

AUSTIN, Texas — It can seem hard to avoid Elon Musk these days, especially if you live in Central Texas, near Tesla and other companies headed by the billionaire.

And if that wasn’t enough, self-proclaimed “huge Elon fans” are driving a giant sculpture of Musk’s face – on the body of a goat, riding a rocket – through the Austin area.

The owners of the statue run a cryptocurrency company called Elon Goat Token and say it is meant to pay homage to Musk’s contributions to cryptocurrency. The statue is meant to symbolize that Musk is the GOAT – an acronym for Greatest Of All Time – which is why the billionaire’s head is on a goat’s body.

The Elon GOAT Token Monument features a Dogecoin necklace - a tribute to Musk's contributions to Dogecoin and other cryptocurrencies - as it attracts passersby in the South Austin Costco parking lot, Nov. 22, 2022. The memorial is a $600 project .00 dollars in honor of Elon Musk and his contributions to cryptocurrency and a marketing strategy to promote $EGT.

It sits on the back of a trailer and is over 30 feet tall, 20 feet tall, and Musk’s head, which is wearing a Dogecoin necklace, is about 6 feet long. The sculpture also includes features such as simulated rocket fire, smoke, lasers and lighting.

A customer stops to take a picture of the Elon GOAT Token Monument in the South Austin Costco parking lot, November 22, 2022. The monument is a $600.00 project honoring Elon Musk and his contributions to cryptocurrency and a marketing strategy to promote $EGT.

As a way to market and promote the cryptocurrency platform, owners of Elon Goat Token Musk are hoping to give the statue in person.

While it’s not certain whether Musk will accept the statue, the owners hope to deliver it to Tesla headquarters on Saturday after a corporate event, “GOATSgiving,” a gathering for Musk and cryptocurrency fans. Attendees are also invited to participate in the delivery.

Musk has yet to acknowledge he knows about the statue or say if he will be in Austin that day.

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Ashley Sansalone, left, founder of Elon GOAT Token, stands in front of the Elon GOAT Token Monument with CMO Alec Wolvert, center, and co-founder Richard Latimer in the South Austin Costco parking lot, Nov. 22, 2022. The memorial is a project of $600.00 dollars in honor of Elon Musk and his contributions to cryptocurrency and a marketing strategy to promote $EGT.

Richard Latimer, a co-founder of Elon Goat Token, said the sculpture has turned many heads and plays well with the marketing goal to “just be crazy and be out there.”

“We dedicated the statue to (Elon Musk) because he got in on crypto at a good time and blew everything up. With everything he’s been doing with (cryptocurrencies) Doge and Baby Doge and a few other coins, we’ve decided why not do the same thing but really go out there and do everything we can to bring him something,” Latimer said.

Angelique Pearl, left, and her son Akilles take photos of the Elon GOAT Token Monument in the south Austin Costco parking lot, Nov. 22, 2022. The memorial is a $600.00 project honoring Elon Musk and his contributions to cryptocurrency and a marketing strategy to promote $EGT.

The creators say the memorial to Musk cost $600,000 to build. The project was funded primarily through cryptocurrency transaction fees and funding from members of the cryptocurrency community, the company’s founders said.

What is an Elon Goat Token?

Cryptocurrency is a type of digital asset that can be used to make online payments and can come in a variety of forms, each with different values, from Bitcoin to Dogecoin, a type of meme coin that is a favorite of Musk.

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