Elon Musk is now the ‘Technoking’ with Kirkhorn being the ‘Master of Coin’

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Elon Musk, the CEO of Tesla, has a pretty unconventional way of running his business. The CEO is known for founding several startups, communicates regularly with his followers on Twitter, where he often shares light-handed humour such as memes and comments on cryptocurrency.

In a recent filing with the Securities and Exchange Commission (SEC), Tesla Inc. revealed new titles for its chief executive officer Elon Musk and Chief Financial Officer Zachary Kirkhorn. Elon Mush will now be referred to as ‘Technoking’ while Kirkhorn will take the title of ‘Master of Coin’ in a reference from George R. R. Martin’s Game of Thrones fantasy series.

Very few companies in the world are willing to disclose their cryptocurrency holdings, and Tesla is one of them. When Tesla announced its cryptocurrency Bitcoin holdings, it contributed to Bitcoin’s price rallying. Musk also shared memes for another cryptocurrency, Dogecoin, which caused a price rally for the cryptocurrency.

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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.

According to official reports, in 2020, Tesla managed to meet its self-set goal of shipping half a million electric vehicles in a calendar year. For the year 2021, the company provided an estimate that it could place shipments of around three-quarters of a million by the end of this year.

But still, Tesla’s biggest challenge remains reducing the cost of its vehicles to attract more consumers and matching demand with supply once global economies fully recover.

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As we know that currently the auto-market is affected severely by the ongoing shortage of automobile processors. While automakers such as Ford have reduced production as a result, Tesla is yet to make a similar move.

Source

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