Tesla CEO Elon Musk has declared himself “Technoking,” appointing chief monetary officer Zach Kirkhorn as “Grasp of Coin.” The pair will preserve their previous posts as properly, making the title shakeup much less of a restructuring and extra the most recent instance of Musk utilizing his firm and status to make jokes.
The brand new titles are official, showing in paperwork filed with the securities and change fee. The aim of the doc seemed to be solely to log the brand new positions with the federal government.
“Efficient as of March 15, 2021, the titles of Elon Musk and Zach Kirkhorn have modified to Technoking of Tesla and Grasp of Coin, respectively,” the submitting reads. “Elon and Zach can even keep their respective positions as Chief Government Officer and Chief Monetary Officer.”
Musk has been notably extra relaxed about public picture than different rich CEOs, even risking an SEC investigation for his effusive reward of the meme-heavy digital forex Dogecoin.
His public persona has sometimes landed him in scorching water, akin to when a marijuana toke on Joe Rogan’s podcast tanked inventory, threatened his relationship with NASA and prompted an inquiry into his safety clearance.
It’s additionally garnered Musk a rabid following with substantial affect within the realms of cryptocurrency, shares and expertise. His cult of character has little doubt contributed to Tesla’s astronomical inventory worth, which just about octupled in 2020.
That mentioned, Musk’s erratic conduct has prompted uncertainty in broader audiences. Tesla’s inventory went from $880 firstly of 2021 to $560 on March 8. A recent fire at a California manufacturing unit and experiences of rampant COVID-19 infections amongst employees have additionally dampened the corporate’s public picture.
None of that has been sufficient to get to Musk, who continues to joke about Dogecoin and needle “Woketopia” by way of his Twitter.