Technoking and Master of Coin — Elon Musk and Tesla CFO adopt new titles
Elon Musk’s love affair with cryptocurrencies has no end in sight after the Securities and Exchange Commission announced new official securities for him and his cohort of Tesla executives.
From 15. In March, Elon Musk will receive the official title of Tesla Engineer, and the company’s CFO, Zach Kirkhorn, will officially be known as Master of Coin. Form 8-K filed with the SEC :
From 15. In March 2021, Elon Musk and Zach Kirkhorn’s titles became Tesla Technician and Parts Master, respectively.
The filing also states that Musk and Kirkhorn will retain their respective positions as CEO and CFO until further notice.
Without mentioning the accompanying tweet made famous by the Tesla CEO, viewers can only guess why Musk and Kirkhorn adopted the new names.
In early February, the price of bitcoin made a $3,000 jump in minutes when it was announced that Tesla had bought $1.5 billion worth of bitcoins (BTC), pushing the price of the currency to a new high.
After the collapse of bitcoin’s value – and Tesla’s stock price – the title of richest man in the world briefly disappeared from Elon Musk’s resume. Bitcoin and Tesla weren’t in the doldrums for too long, however, as the currency’s rebound quickly led to significant profits for Musk and his company. The 15th. In March, bitcoin reached another new high, with the price of the currency flirting with $60,000 for the first time in its history.