Elon Musk is now officially ‘Technoking of Tesla’ and its Chief Financial Officer is ‘Master of Coin’. What other shannanigans are going on?
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No, you’re not in an alternate universe, but living in a simulation sounds closer to the truth with every Elon Musk tweet. After pinching yourself, we can confirm the above statement is official.
A filing to the United States Securities and Exchange Commission yesterday (SEC) by Tesla Inc (NASDAQ: TSLA) enacted the title amendments.
New name, same position
We all know someone guilty of exaggerating their position title to a certain extent. Technoking though – that has to take the cake. Well, it doesn’t end there – Tesla’s Chief Financial Officer Zach Kirkhorn now has the title ‘Master of Coin’.
Despite the new and weird titles, Elon Musk and Zach Kirkhorn will maintain their mundane positions as Chief Executive Officer and Chief Financial Officer.
You might be thinking, “Well what’s the point then?”. Currently, the purpose behind the title change is unknown. Frankly, there may not be a reason other than for the sake of a meme.
However, some have drawn conclusions that Elon’s Technoking title is derived from his enjoyment of techno music. In regard to Zach’s title, it might have something to do with Tesla’s purchase of US$1.5 billion Bitcoin (CRYPTO: BTC) in January. Potentially the recent milestone of Bitcoin hitting new all-time highs evoked the action.
Busy times for Technoking Elon Musk
Changing titles is only the beginning for Elon Musk over the past month. As technology shares lost favour and Tesla shares plunged 35%, Musk fell out of the number one spot on the rich list.
Although, this certainly didn’t slow down operations within SpaceX. During the past month, SpaceX has continued to complete three successful Falcon 9 launches and a landing of Starship (SN10), which proceeded to explode 8 minutes later.
Yet somehow the busy futuristic thinker had time to put together a non-fungible-token (NFT). It seems Technoking Musk is looking to sell it for the right price. Any takers?
I’m selling this song about NFTs as an NFT pic.twitter.com/B4EZLlesPx
— Elon Musk (@elonmusk) March 15, 2021
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Mitchell Lawler owns shares of Bitcoin and Tesla. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. owns shares of and recommends Bitcoin and Tesla. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.
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