Elon Musk and Kirkhorn are ‘Technoking of Tesla’ and ‘Master of Coin’ From Now

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Sead Fadilpašić

Journalist

Sead Fadilpašić

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Sead specializes in writing factual and informative articles to help the public navigate the ever-changing world of crypto. He has extensive experience in the blockchain industry, where he has served...

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June 25, 2023

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Starting today, the world can call Tesla supremo Elon Musk and the company CFO Zach Kirkhorn by their newly acquired titles. (Updated at 11:38 UTC: updates throughout the entire text.)

“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,” said the filing with the US Securities and Exchange Commission (SEC).

It added that Musk and Kirkhorn will “also maintain their respective positions as Chief Executive Officer and Chief Financial Officer.”

The filling is a standard 8-K form, one of the most common types of forms filed with the SEC, and is signed by Kirkhorn.

As reported in February, the company invested an aggregate USD 1.50bn in bitcoin (BTC) and expects “to begin accepting bitcoin as a form of payment for our products in the near future.” Back then, they said they “updated investment policy to provide us with more flexibility to further diversify and maximize returns on our cash that is not required to maintain adequate operating liquidity.”

Cryptonews.com has contacted Tesla for comment.

Musk has been in the crypto news quite often as of late, whether due to his comments on BTC, briefly adding BTC symbol to his Twitter bio, tweeting about dogecoin (DOGE), then saying his comments on DOGE were a joke and that he needed to be careful of how words as they may move the markets, then tweeting about DOGE several times again – with the coin even surging to the top 10 coins by market capitalization at one point.

Furthermore, according to the Blockchain Research Lab (BRL), certain Musk’s Twitter activity triggers abnormal trading volumes and double-digit returns.

But, as reported, the regulator – the same one with whom the new titles have been filed – is allegedly considering moving against Musk for his Twitter activity, over “whether Tesla already owned bitcoin when his intervention on social media sent prices surging.”

Yet, the SpaceX chief described a potential SEC investigation as “awesome.” His history with the regulator is long, and includes, for example, the SEC filing a lawsuit over Musk’s “funding secured” tweet related to taking Tesla private in 2018. The fraud charges were settled, requiring Musk to step down as Tesla’s chairman and Musk and Tesla to pay USD 40m in penalties.

Then in 2020, Musk called the regulator ‘the Short Enrichment Commission,” and said that the E in SEC stands for ‘Elon’s’. Safe to say, there’s some bad blood between the two.
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Learn more:
– DOGE Dips With Market While Musk Laughs at SEC Investigation Rumor
– Inspired by Tesla, South Korean Crypto Moms Take the Bitcoin Plunge
– Engineer Elon Musk Says Bitcoin ‘Is Less Dumb’ Than Cash
– Tesla Board Member’s Crypto ‘Conflict of Interest’ May Blight Bitcoin Buy
– A Wave of Giants Rushing to Invest in Bitcoin Could Derail the Stock Market
– Tesla Buys USD 1.5B Worth of Bitcoin, Might Accept BTC as Payment