According to a filing with the Securities and Exchange Commission, Tesla CEO Elon Musk is now the company’s Technoking. “Master of Coin” is now Tesla’s Chief Financial Officer Zach Kirkhorn. According to the short regulatory filing, both men would keep their former names.
Tesla’s latest venture into cryptocurrencies may be a nod to the “Master of Coin” title. In February, Tesla revealed that it had acquired $1.5 billion worth of bitcoin. Tesla also stated that “in the foreseeable future,” it intends to accept bitcoin as payment for its goods. Bitcoin’s value soared to new highs as a result of the launch.
Musk is no stranger to attention-getting stunts. Musk praised the prank cryptocurrency Dogecoin at the same time as Tesla’s bitcoin buy, leading to a tenfold rise in Dogecoin’s valuation.
During a recent Clubhouse interview, Musk said, “Every now and then I make jokes about Dogecoin, but they’re just supposed to be jokes.”
Musk’s Dull Corporation revealed in 2018 that it will sell branded flamethrowers. In just 48 hours, fans snapped up 10,000 of them.
Between January 2020 and January 2021, Tesla’s stock increased tenfold, from $88 to $880. However, it has been declining for the past month. In early trading today, the stock is up nearly 2%. Musk’s current job as Technoking is certain to excite Wall Street.
