Tesla CEO Elon Musk Has A New Title: ‘Technoking’

Tesla CEO Elon Musk arrives on the red carpet for the Axel Springer Award 2020 in Berlin. Getty Images Tesla doesn’t have a ...


Tesla doesn’t have a president, chief operating officer or chief technology officer, but the electric-car maker has added two roles other S&P 500 companies lack: a CEO who is also a “technoking” and a chief financial officer who will additionally be known as a “master of coin.”

The quirky titles were announced in an SEC filing early Monday. “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. Elon and Zach will also maintain their respective positions as Chief Executive Officer and Chief Financial Officer.”

The company gave no explanation for the move in the filing, and Musk didn’t reference it on his Twitter account. The company, which has no media relations team, didn’t respond to a request for additional comment. 

The change appears to be the latest display of centibillionaire Musk’s idiosyncratic sense of humor, which in the past has included selling flamethrowers to raise funds for The Boring Co., building a medieval guard tower across from SpaceX headquarters in Hawthorne, California, or selling red satin shorts to mock investors who lost money shorting Tesla shares. The Tesla cofounder has occasionally mocked the SEC in the past, which in 2018 fined him $20 million and forced him to give up his role as board chairman for falsely tweeting that he’d secured funds to take the company private. 

It’s unclear whether CFO Kirkhorn’s master of coin title relates to Tesla’s $1.5 billion Bitcoin, disclosed in February, or Musk’s promotion on Twitter of meme-based cryptocurrency Dogecoin.

Separately, Tesla said Jerome Guillen, who has been Tesla’s president of automotive, is now its president of heavy trucking. “As Tesla prepares to enter the critical heavy trucks market for the first time, Mr. Guillen will now leverage his extensive background in this industry to focus on and lead all aspects of the Tesla Semi program, including the related charging and servicing networks,” the company said in a filing.

“We view Guillen moving to the heavy truck frontier as a significant strategic move showing Tesla plans to double down on its Semi and trucking vision over the next few years,” Wedbush equity analyst Dan Ives said in a research note on Monday. “We continue to believe this is a 2022 model release that will be discussed in more detail over the coming months from Tesla as production plans start to develop.”

Musk, who owns more than 20% of Tesla’s shares, has a net worth of $173.3 billion, Forbes estimates. A Tesla investor is suing Musk, claiming his tweets violate terms of the 2018 settlement with the SEC, Reuters reported on March 12.

Tesla rose 2% to close at $707.94 on Monday in Nasdaq trading.



Source link

COMMENTS

Name

Africa,776,Americas,4046,Art & Culture,14502,Arts,6385,Arts & Design,1571,Asia,3165,Automobile,445,Baseball,552,Basketball,450,Books,3777,Business,5221,Celebrity,2633,Cricket,648,Crime,158,Cryptocurrency,1443,Dance,629,Defense,836,Diplomatic Relations,2496,Economy,1061,Editorial,260,Education,1159,Elections,308,Energy & Environment,3040,Entertainment,22371,Environment,3521,Europe,4113,Faith & Religion,235,Family & Life,817,Fashion & Style,3142,Finance,19457,Food & Drink,3631,Football,1065,Games,97,Gossip,10289,Health & Fitness,3970,Health Care,922,Hockey,212,Home & Garden,920,Humour,994,Latin America,49,Lifestyle,16612,Media,527,Middle East,1446,Movies,1614,Music,2537,Opinion,2827,Other,11602,Other Sports,4923,Political News,11324,Political Protests,2324,Politics,17531,Real Estate,1743,Relationship,75,Retail,3116,Science,2530,Science & Tech,9691,Soccer,195,Space & Cosmos,315,Sports,11828,Technology,3325,Tennis,538,Theater,1610,Transportation,313,Travel,2486,TV,3579,US,10,US Sports,1481,Video News,3531,War & Conflict,1069,Weird News,998,World,15952,
ltr
item
Newsrust - US Top News: Tesla CEO Elon Musk Has A New Title: ‘Technoking’
Tesla CEO Elon Musk Has A New Title: ‘Technoking’
https://thumbor.forbes.com/thumbor/fit-in/1200x0/filters%3Aformat%28jpg%29/https%3A%2F%2Fspecials-images.forbesimg.com%2Fimageserve%2F5ff094cb5b25bf9890c4b01b%2F0x0.jpg%3FcropX1%3D0%26cropX2%3D5134%26cropY1%3D17%26cropY2%3D2905
Newsrust - US Top News
https://www.newsrust.com/2021/03/tesla-ceo-elon-musk-has-new-title.html
https://www.newsrust.com/
https://www.newsrust.com/
https://www.newsrust.com/2021/03/tesla-ceo-elon-musk-has-new-title.html
true
732247599994189300
UTF-8
Loaded All Posts Not found any posts VIEW ALL Readmore Reply Cancel reply Delete By Home PAGES POSTS View All RECOMMENDED FOR YOU LABEL ARCHIVE SEARCH ALL POSTS Not found any post match with your request Back Home Sunday Monday Tuesday Wednesday Thursday Friday Saturday Sun Mon Tue Wed Thu Fri Sat January February March April May June July August September October November December Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec just now 1 minute ago $$1$$ minutes ago 1 hour ago $$1$$ hours ago Yesterday $$1$$ days ago $$1$$ weeks ago more than 5 weeks ago Followers Follow THIS PREMIUM CONTENT IS LOCKED STEP 1: Share to a social network STEP 2: Click the link on your social network Copy All Code Select All Code All codes were copied to your clipboard Can not copy the codes / texts, please press [CTRL]+[C] (or CMD+C with Mac) to copy Table of Content