It may quickly be needed to deal with Elon Musk by calling him “sire”: the wayward boss of Tesla was extremely formally announced Monday “Technoking” (king of tech) by his business.
Its CFO Zach Kirkhorn has on the other hand been granted the title of “Master of Coin”, probably in reference to the current purchase by the electric car manufacturer of $ 1.5 billion of bitcoin virtual currency.
The firm did not state whether the titles included extra responsibilities.
The choice was announced in a management paper sent out to the American Financial Markets Authority (SEC) and, laconically, consists of two lines: “Since March 15, 2021, the shares of Elon Musk and Zach Kirkhorn were specifically transformed to Technoking of Tesla and also Master of Coin. Elon as well as Zach maintain their particular positions of CEO as well as CFO “.
Accustomed to conflicts, Mr. Musk has consistently stumbled in the past with the SEC, which accused him of having deceived investors when he had actually stated in a tweet in 2018 a possible withdrawal from the Tesla Stock Exchange while ‘he did not have the financial backing solid enough for such a procedure.
The authority then forced the business person, with a lot of money currently estimated at $ 179 billion by Bloomberg, to give up the post of chairman of the board of supervisors.