Giant statue of Elon Musk will be left to Tesla as a gift from cryptocurrency fans

AUSTIN, Texas — Elon Musk can seem hard to avoid these days, especially if you live in central Texas near Tesla and other billionaire-led companies.

And if that weren’t enough, self-described “big Elon fans” are riding a giant sculpture of Musk’s face — on the body of a goat, astride a rocket ship — around the Austin area.

The sculpture’s owners run a cryptocurrency company called Elon Goat Token and say it intends to pay homage to Musk’s contributions to cryptocurrency. The sculpture 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 the body of a goat.

The Elon GOAT Token Monument features a Dogecoin necklace, a tribute to Musk's contributions to Dogecoin and other cryptocurrencies, as it attracts passers-by in the South Austin Costco parking lot, Nov. 22, 2022. The monument is a $600.00 dollar project to honor Elon Musk and his contributions to cryptocurrency and a marketing strategy to promote $EGT.

It sits on the back of a semi-truck and is over 30 feet long, 20 feet tall, and Musk’s head, wearing a Dogecoin necklace, is approximately 6 feet tall. The sculpture also includes features such as simulated rockets, smoke, lasers and lighting.

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

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

While it’s unknown whether Musk will accept the sculpture, the owners hope to deliver it to Tesla headquarters on Saturday after a corporate event, “GOATSgiving,” a gathering for Musk and cryptocurrency fans. Participants are also welcome to participate in the delivery.

Musk has yet to acknowledge knowledge of the statue or say whether he will be in Austin that day.

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Elon GOAT Token founder Ashley Sansalone, left, stands in front of the Elon GOAT Token Monument with CMO Alec Wolvert, center, and co-founder Richard Latimer in the south parking lot of the Austin Costco, November 22, 2022. The monument is a $600.00 project to honor 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 led to a lot of heads being turned, playing well with the marketing goal of “just being crazy and out there.”

“We dedicated the statue to (Elon Musk) because he stepped in for crypto at a good point and blew everything up. With all that he’s been doing with (cryptocurrencies) Doge and Baby Doge and a few other coins, we decided why not do the same thing, but really go out there and go further and 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 monument is a $600.00 project to honor Elon Musk and his contributions to cryptocurrency and a marketing strategy to promote $EGT.

Its creators say the Musk monument cost $600,000 to build. The project was primarily funded 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 payments online and can come in many different forms, each with different values, from Bitcoin to Dogecoin, a type of meme coin that has been a favorite of Musk.

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