Telsa Inc.’s chief govt officer has a brand new title, as Elon Musk turns into the corporate’s “Technoking,” in accordance with a filing submitted to the Securities and Change Fee.
Alongside Musk’s change in title, the corporate’s chief monetary officer Zach Kirkhorn is now the “Grasp of Coin” over at Tesla. There is no clarification for why each Tesla execs have new job titles on the firm. Nonetheless, Musk and Kirkhorn will retain their present positions as chief govt officer and chief monetary officer, respectively, in accordance with the submitting.
The Wall Road Journal reports that each males’s title adjustments are a response of types to “indicators of a bumpier highway forward” within the coming years. Rivaling companies like Chinese language electrical car maker Nio are beginning to minimize into the corporate’s “market-share lead in electric-vehicle gross sales.”
This alteration comes not lengthy after Tesla invested some $1.5 billion in Bitcoin in February, saying that the corporate will settle for the cryptocurrency as a type of fee. Musk–who has now surpassed former Amazon CEO Jeff Bezos as the world’s richest person–has additionally been an advocate for cryptocurrency, typically tweeting about Bitcoin, Dogecoin, and NFT.