Elon Musk crowns himself as ‘Technoking of Tesla’ in new regulatory submitting and dubs his CFO the ‘Grasp of Coin’
- Cryptic SEC submitting on Monday grants new titles to CEO Elon Musk and his CFO
- Musk will now be ‘Technoking’ and CFO Zachary Kirkhorn is ‘Grasp of Coin’
- The submitting offered no clarification and didn’t elaborate on the brand new titles
Tesla has added ‘Technoking of Tesla’ to billionaire CEO Elon Musk‘s checklist of official titles in a proper regulatory submitting that additionally named finance chief Zachary Kirkhorn ‘Grasp of Coin.’
The cryptic, two-sentence submitting with the Securities and Alternate Fee on Monday didn’t elaborate on the explanations for the weird new titles
The electrical-car maker mentioned in a separate assertion that President of Automotive Jerome Guillen had moved to the position of President for Tesla Heavy Trucking, efficient March 11.
‘Grasp of Coin’ is a title held by a number of characters within the HBO collection Recreation of Thrones. The primary Grasp of Coin within the collection is Lord Petyr Baelish, aka Littlefinger, whose monetary wizardry is revealed to depend on large borrowing.
Elon Musk (left) has dubbed himself ‘Technoking of Tesla’ whereas finance chief Zachary Kirkhorn (proper) will now be often called the ‘Grasp of Coin’
Tesla notified the SEC of the formal title change in a regulatory submitting on Monday
‘Coin’ within the CFO’s new title can also be possible a reference to Bitcoin, following Musk’s current obsession with cryptocurrency.
Musk’s current frenzied promotion of Dogecoin on Twitter has additionally lifted the value of that cryptocurrency, which was initially created as a joke.
Bitcoin hit new highs of close to $62,000 over the weekend however retreated round 5 % early on Monday.
Wedbush analyst Dan Ives estimated in a notice on Monday that Tesla has already made $1.2 billion in earnings on paper from its Bitcoin funding.
Ives speculated that that the brand new ‘technoking’ title ‘hints at Musk viewing Tesla extra as a know-how disruptor sooner or later particularly with robotaxis, [Full Self-Driving], and big battery know-how developments on the horizon at Tesla.’
On Recreation of Thrones, essentially the most well-known Grasp of Coin is Lord Petyr Baelish, aka Littlefinger (proper), whose monetary wizardry is revealed to depend on large borrowing
Twitter customers responded to the title with a combination of amusement and confusion.
‘I would watch a Netflix documentary simply on the authorized dialogue surrounding the Technoking SEC submitting,’ tweeted MarketWatch European markets editor Steve Goldstein.
Whereas Twitter targeted on the weird new titles for Musk and his CFO, Ives put extra weight on the announcement that Guillen would take over the Heavy Trucking division.
‘We view Guillen transferring to the heavy truck frontier as a big strategic transfer displaying Tesla plans to double down on its semi and trucking imaginative and prescient over the subsequent few years,’ he wrote.
It comes after Musk spent the weekend issuing a collection of characteristically odd tweets, together with one taking a shot at ‘woke’ tradition.
‘Woketopia. Battle for the Ethical Excessive Floor on this new recreation!’ the Tesla CEO wrote in a tweet on Saturday.
Musk didn’t elaborate, and it was not instantly clear what had prompted the comment.
It got here quickly after a report that a whole bunch of workers at Tesla’s plant in California contracted COVID-19 after Musk urged them to return to work amid the coronavirus pandemic.
Musk’s proposal for a ‘Woketopia’ online game garnered blended reactions from his followers.
Laptop scientist Paul Graham responded, ‘That may really be an attention-grabbing recreation to design.’ However recreation designer Tyler Galilee replied derisively, ‘Okay Boomer.’
In one other odd tweet on Sunday, Musk wrote: ‘I really like music. It makes my coronary heart sing.’