Elon Musk appointed Tesla ‘Technoking’, in new SEC filing

Tesla CEO Elon Musk has been given the title of “Technoking of Tesla”, according to a recent US Securities and Exchange Commission filing.

Similarly, Zack Kirkhorn, the company’s CFO, has been appointed the “Master of Coin”.

The relevant filing reads, “effective as of March 15, 2021, the titles of Elon Musk and Zach Kirkhorn have changed to Technoking of Tesla and Master of Coin, respectively”.

Both men will retain their prior positions as CEO and CFO.

It is not clear what prompted the new titles, but Mr Musk is known to embrace his sillier side. He has drawn attention for his embracing of cryptocurrency “dogecoin”, which in recent days he has posted puns celebrating.

Origin of Doge Day Afternoon:
The ancient Romans sacrificed a Dogecoin at the beginning of the Doge Days to appease the rage of Sirius, believing that the star was the cause of the hot, sultry weather.
— Elon Musk (@elonmusk) March 13, 2021

In 2018, after facing a $20 million fine by the US regulator, Mr Musk told an interviewer “I do not respect the SEC”.

Tesla shares are popular with retail investors and are amongst Wall Street’s most volatile stocks.

Last Tuesday, BusinessNow.mt reported that Tesla shares had lost a third of their value for the third time in a year. By the end of the day, they had jumped more than 20 per cent to regain some of this loss.

In a controversial move in February, Tesla announced it had invested $1.5 billion (€1.25 billion) in Bitcoin, despite conceding the risk of such an investment.

Written by

Solomon Cefai

Solomon has an interest in financial markets and innovative business practices. He also loves literature and music. As such, you might find him on the seafront with a cold Kinnie, his trusty headphones, and a good book.

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