Elon Musk changes job title to ‘Technoking of Tesla’

Elon Musk

Elon Musk will retain his situation as chief government

Elon Musk has dropped his chief government job title and crowned himself “Technoking of Tesla”.

Mr Musk will quiet retain his situation of chief inside the firm, the US Securities and Alternate Price (SEC) submitting said.

Tesla’s chief financial officer, Zach Kirkhorn, has the unusual title of Master of Coin.

This can focus on over with the firm’s $1.5bn (£1.1bn) purchase of Bitcoin this yr.

Neither Mr Musk or Mr Kirkhorn salvage elaborated on the meanings of the unusual titles.

‘Erratic and illegal’

It comes staunch days after a Tesla investor sued Mr Musk and the firm over a sequence of “erratic” and “illegal” tweets.

Lawyers for Scamper Gharrity accused Mr Musk of issuing unfounded statements about Tesla’s funds to his thousands and thousands of followers.

In Could perhaps final yr, Mr Musk shared a tweet claiming that Tesla’s stock price was “too excessive”.

His comments introduced about the firm’s market price to decrease by $13bn at the time.

Tesla stock set is just too excessive imo

— Elon Musk (@elonmusk) Could perhaps 1, 2020

It was not the major time Mr Musk’s social media persona has landed him in ache.

Mr Musk and Tesla every paid $20m in fines after he falsely claimed in a tweet in 2018 that he had “secured funding” of $72bn to beget Tesla internal most.

The tweet moreover sparked an ongoing lawsuit claiming that his claims “defrauded shareholders”.

Mr Musk just not too long within the past lost his title because the richest man on this planet after Tesla shares tumbled.

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