Audio By Carbonatix
Elon Musk has a new title at Tesla: “Technoking.”
The electric automaker announced the head-scratching sobriquet in a filing with the US Securities and Exchange Commission on Monday, along with chief financial officer Zach Kirkhorn’s new position as 'Master of Coin.'
“Elon and Zach will also maintain their respective positions as CEO and Chief Financial Officer,” the filing concludes — just in case you were worried that Tesla was officially becoming one of the Seven Kingdoms of Westeros.
Musk, who recently lost his status as richest person on the planet after Tesla’s stock price dropped in February, could be looking for a confidence boost as his company’s once high-flying valuation falters slightly.
The company had one of the most impressive stock rallies of 2020, surging over 600 percent as the market responded favorably to Musk’s vision of zero-emission vehicles dominating the globe.
But those numbers began to dip in 2021, with Tesla’s shares down nearly 14 percent in the first two months.
A fire at the company’s Fremont factory last week also sent share prices down.
And reports surfaced of over 450 cases of Covid-19 among Tesla workers through December 2020.
Musk has a reputation as a corporate prankster who chafes at the traditional image of a chief executive and pushes the boundaries of propriety.
He has used Twitter to taunt reporters and government regulators, and brazenly beta tests new driver assistance software on his customers that he misrepresents as fully autonomous technology.
Latest Stories
-
BoG sets strict Ghana Card rule for financial transactions
20 minutes -
Court grants bail to Oyarifa apartment fire suspects
26 minutes -
Kaiser Flats residents protest TDC eviction move
32 minutes -
BoG Governor calls for national reforms to end gold-for-reserves losses
33 minutes -
Ofori-Atta could stay in the US despite ICE arrest – Immigration lawyer explains
38 minutes -
CDM warns against shifting Gold-for-Reserves losses to taxpayers
40 minutes -
CDM accuses government of opaqueness over Gold-for-Reserves losses
51 minutes -
Gold-for-Reserves: CDM demands forensic audit after BoG seeks reimbursement
58 minutes -
Ofori-Atta detention goes beyond visa overstay – US lawyer reveals FBI role
1 hour -
‘This is not a typical immigration case’ – US lawyer on Ofori-Atta detention
2 hours -
Ofori-Atta travelled to UK and returned to US before ICE arrest – Victor Smith reveals
2 hours -
ICE sees it as a high-profile case, not routine – Ghana’s US High Commissioner on Ofori-Atta detention
3 hours -
ICE confirmed Ken Ofori-Atta was medically fit for detention – Victor Smith
3 hours -
‘He shut the door in our faces’ – Ghana’s envoy reacts to Ken Ofori-Atta decision
4 hours -
Cup holders PSG knocked out by Paris FC
6 hours
