Last week, Elon Musk made $25 billion a day. On Monday, he brought himself the “Tesla Technician” crown. In musk, this new title still translates to the CEO of an electric car company. Zach Kirkhorn, the company’s chief financial officer, has also been named Master of Coins by the Eccentric Billionaire, who is nothing short of creative with his dubs (see: Descendants of X7A-GC). Consent Game of Thrones? Honestly, who knows?
The U.S. Securities and Exchange Commission, which states, announced the new appeal through a filing:
“As of March 15, 2021, the titles of Elon Musk and Zach Kirkhorn have become the technocrats of Tesla and Master of Coins, respectively. Elon and Zach will retain their respective positions as Chief Executive Officer and Chief Financial Officer.” This headline change follows Musk’s announcement last month that Tesla will begin adopting bitcoin as a form of payment in the near future.
The share price of the cryptocurrency’s peaked at a high of $61,788 at the end of the week. This is perhaps the most subtle way of trying to reign supreme after the capture of Jeff Bezos as the richest man in the world and the lawsuit filed by a Tesla investor for his uninterrupted “flawed tweets”. Reveals which could lower its share price.
Musk’s announcement had a negligible impact on stock prices. Tesla stock is up 1.5% in morning trading.
Tesla shares rose 600% in 2020. However, the stock is now down 20% for the year, reaching a high of $880.82 on January 6. Tesla also revealed on Monday that automotive president Jerome Guillen will now take over the presidency of Tesla Heavy Trucking.
In a 2020 Q4 earnings call, Musk said he expects Tesla Semi to start delivering this year. The engineering work on the freight-hauling truck, including an all-electric power train, is complete, but production could halted due to a lack of availability in battery cells, Musk said at the time of the call.