Innocent BenjaminTesla, SpaceX and Clubhouse boss Elon Musk, known for his antics, has gained a new title in the internal hierarchy of the electric car manufacturer, and one quite unusual for a formal corporation leader.
Musk is now the “Technoking of Tesla,” the company reported in a mandatory notification to the US stock exchange regulator SEC released today, Monday, March 15. Chief Financial Officer, Zack Kirkhorn, is now bearing the title “Master of Coin” – based on Tesla’s most recent dealings with crypto currencies such as Bitcoin. The title is also known from the fantasy series “Game of Thrones”. Musk and Kirkhorn will continue to hold their positions as CEO and CFO, Tesla announced.
“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. Elon and Zach will also maintain their respective positions as Chief Executive Officer and Chief Financial Officer,” the statement read
The 49-year-old Musk has a reputation for repeatedly causing stir with his tweets which sometimes trigger a domino effect in the financial markets, with his financial and global status. In a recent lawsuit on Friday, an investor in the US electric car maker accused the billionaire of “erratic” Twitter messages, which allegedly exposed the company to high legal risks and billions in price losses.
Musk and Tesla subsequently agreed to pay $20 million to the U.S. Securities and Exchange Commission.
The billionaire is known for his persistent “trolling” on the Internet, which translates to “provoking because it’s fun.”
In the GameStop dispute, Musk shocked various parties when he sided with the underdogs. On January 26th, when the shares of the video game retailer GameStop were already priced at $ 150, Musk tweeted “GameStonk! 1,” and placed a link on the Reddit forum r/wallstreetbets, in which the investor Flashmob mobilized against short sellers on Wall Street.
In the hours following the tweet, the stocks of the American video game, consumer electronics, and gaming merchandise retailer, rose by over 157 percent.
In addition, in May 2020, Musk dropped Tesla’s stock by more than ten percent in a single trading day in a series of weird tweets. At the time, he wrote, among other things, that he thought the company’s market value was too high and announced that he would want to dispose of almost all physical possessions.
Tesla stock price is too high imo
— Elon Musk (@elonmusk) May 1, 2020
On April 1, 2018, he posted a photo about Tesla bankruptcy as part of an April fool joke. He was banned from using twitter four months later, but this regulation was rescinded in April 2019.
Tesla Goes Bankrupt
Palo Alto, California, April 1, 2018 — Despite intense efforts to raise money, including a last-ditch mass sale of Easter Eggs, we are sad to report that Tesla has gone completely and totally bankrupt. So bankrupt, you can’t believe it.— Elon Musk (@elonmusk) April 1, 2018
OFONIMEH JOHNSON
James steller
Mitrobe Staff