Tesla topped CEO Elon Musk the “Technoking of Tesla” and named CFO Zach Kirkhorn “Master of Coin” in a regulatory submitting Monday.
The Security and Substitute Commission submitting states, “Effective as of March 15, 2021, the titles of Elon Musk and Zach Kirkhorn enjoy changed to ‘Technoking of Tesla’ and ‘Master of Coin,’ respectively.” It didn’t provide a aim within the again of the new titles.
— IGN (@IGN) March 15, 2021
While the muse of “Technoking” is unclear, “Master of Coin” used to be a frequent name for royal treasurers in medieval times, in step with Mashable. Tesla’s approach to make investments in bitcoin can also just enjoy impressed the new titles, Barron’s speculated. Tesla announced it had bought $1.5 billion of bitcoin in February and plans to enable car payments to be paid in bitcoin within the shut to future.
But some other aim within the again of the name changes will doubtless be Musk’s tendency to “troll folks,” as he has completed many times over time, a CNN reporter pointed out.
The submitting additionally mentioned Musk and Kirkhorn will proceed in their positions as chief executive officer and chief financial officer.
Tesla stock costs increased by 600% in 2020, causing Musk’s non-public wealth to quadruple, in step with NBC News. He grew to alter into the richest man on the earth for a time, sooner than Jeff Bezos, earlier than dropping billions triggered him to tumble into 2nd suppose. (RELATED: Elon Musk Says He Has a Monkey That Can Play Video Games With Its Mind Thanks To Brain Chip)
Musk and Tesla’s board are within the meantime facing a lawsuit because of the some of Musk’s tweets. An investor claimed the CEO’s “erratic” tweets enjoy triggered billions of bucks in losses for the firm and violate an agreement Musk made with the U.S. Securities and Substitute Commission in 2018.