What are the additional responsibilities associated with being a Technoking? Your guess is as good as mine.
Elon Musk has a new role at Tesla, a new filing with the SEC shows.
The formal document shows that the CEO is now “Technoking of Tesla,” while chief financial officer Zach Kirkhorn has been promoted to “Master of Coin.”
Both men are set to keep the jobs they had before — and there’s little doubt that this filing is a tongue-in-cheek nod to Tesla’s recent $1.5 billion Bitcoin buy-in.
Musk is yet to address his upgraded position on Twitter… and we’re in the dark as to what additional responsibilities will come with his shiny new gig.
Instead, his weekend musings were limited to the fact that he’s going to get a shiba inu — with a dog of this breed triggering the inspiration behind Dogecoin.
Musk Sued over Tweets
Late last week, a Tesla shareholder sued Musk — accusing him of violating an agreement with the U.S. Securities and Exchange Commission that was designed to prevent him from writing tweets that could influence the value of the stock.
The lawsuit alleges that Musk’s “erratic” messages to his 49 million followers have exposed investors to losses worth billions of dollars. One example raised in the court filing centers on a tweet last May, where Musk said Tesla’s stock price was “too high.” More than $13 billion was subsequently wiped off the company’s market cap.