In a world where CEOs and chief financial officers no longer exist, Tesla’s latest “technoking” and “master of the coin” meet.
Elon Musk’s cryptocurrency love affair shows no evidence of an end after the announcement by the United States Securities and Exchange Commission of the approval of new official names for him and his fellow Tesla executive.
Starting Monday, Elon Musk will carry the official title of “technoking of Tesla,” while the firm’s chief financial officer, Zack Kirkhorn, will officially be known as “master of coin.” The 8-K form filed with the SEC states:
“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.”
The submission also notes that Musk and Kirkhorn will hold their current roles as CEOs and Chief Financial Officers.
Without a hint of a corresponding tweet that Tesla CEO has been popular for, viewers can only guess as to whether Musk and Kirkhorn have embraced the new names.
At the beginning of February, Bitcoin’s (BTC) spot price rose by $3,000 in a matter of minutes after news broke about Tesla’s purchase of $1.5 billion worth of BTC, bringing the coin price to a new all-time high in the process.
After a sudden dip in the valuation of Bitcoin—and Tesla’s stock price—the status of “World’s richest man” was temporarily lost from Elon Musk’s resume. However, neither Bitcoin nor Tesla lasted too long in the doldrums, as the resurgent price of the coin quickly returned healthy profits to Musk and the group. On Saturday, Bitcoin again rose to a new all-time high when the price of the coin flirted with the $60,000 range for the first time in its history.
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