technoking of tesla and master of coin

Elon Musk, Tesla CEO and Technoking.

No, we’re not kidding: those are now the two official positions Musk has at Tesla. According to a recent filing with the U.S. Securities and Exchange Commission, Musk has changed his title to “Technoking,” while Tesla CFO Zach Kirkhorn has been titled “Master of Coin.”

The new titles are effective as of March 15, 2021. Both the Technoking and the Master of Coin will maintain their respective positions as Chief Executive Officer and Chief Financial Officer, the document says.

It’s unclear what real-world purpose these new titles could serve, except as fuel for Musk’s Twitter jokes. Or perhaps to make the company board meetings a little more lively.

As for their meaning, we have no idea where the term Technoking comes from.

Technoking of tesla and master of coin

Therefore, it made sense to stash some cash in an exchange-traded fund based on the S&P 500 market index. For this purpose, I chose therespectable, low-feeVanguard S&P 500 Index ETF.

My portfolio has been rebalanced to more closely match the stocks I do and don’t believe in, and I think this action will serve me well in the years to come.

Mind you, I have no illusion of timing the market perfectly here.

Tesla’s stock jumped higher on solid earnings after I sold my shares, and Teladoc fell after a mixed report. The general bear market may still have further to fall.

That’s fine, and maybe I’ll do some more rebalancing along the way.

Technoking of tesla and master of coins

K filing, Tesla announced that the president of Tesla’s automotive division, Jerome Guillen, would now serve as president of Tesla Heavy Trucking.

The move, as outlined in the filing, is tied to Tesla’s plans “to enter the critical heavy trucks market for the first time.” Tesla unveiled the semi-truck in Guillen is set to use his experience “to focus on and lead all aspects of the Tesla Semi program, including the related charging and servicing networks.”

Tesla shared a video of the upcoming truck on Monday:

The Inverse analysis — Musk’s new job title won’t change his role in any meaningful way — and it could be the point he’s trying to communicate.

When Musk last changed his title in October 2018, it was in the same month that he reached an agreement with the commission to step down as Tesla chairman for at least three years, but remains as CEO.

Technoking of tesla and master of coining

They also retain their traditional titles of CEO and CFO, respectively, but I guess those terms just weren’t interesting enough.

  • In the cryptocurrency space, Musk supports the worthless-by-design joke currencyDogecoin, while selling off Tesla’s more serious Bitcoin holdings at a massive loss. Maybe he doesn’t understand how cryptocurrencies work, or perhaps he just wants to destroy the credibility of the entire crypto idea.
    Either way, his tweets and interview quotes hold market-moving power in the crypto industry and his jokes/mistakes/whims have consequences.
  • There’s more, of course, but let’s stop there. Elon Musk doesn’t strike me as a genius on a world-changing mission anymore.
    Therefore, I’m no longer interested in owning a piece of his primary business.

    DOGE several times again – with the coin even surging to the top 10 coins by market capitalization at one point.

    Furthermore, according to the Blockchain Research Lab (BRL), certain Musk’s Twitter activity triggers abnormal trading volumes and double-digit returns.

    But, as reported, the regulator – the same one with whom the new titles have been filed – is allegedly considering moving against Musk for his Twitter activity, over “whether Tesla already owned bitcoin when his intervention on social media sent prices surging.”

    Yet, the SpaceX chief described a potential SEC investigation as “awesome.” His history with the regulator is long, and includes, for example, the SEC filing a lawsuit over Musk’s “funding secured” tweet related to taking Tesla private in 2018.

    Elon Musk has added another job title to his portfolio. As if being CEO of multiple companies wasn’t enough, he’s now “Technoking of Tesla” for some reason.
    Meanwhile, the company’s CFO, Zach Kirkhorn, has a new position that’s right out of Game of Thrones: Master of Coin.

    Tesla announced the changes in a Securities and Exchange Commission filing, as spotted by The Verge. They’ll still be CEO and CFO of Tesla, albeit with nonsense job titles.

    The company has had more serious issues to contend with lately. There was a fire at the Fremont, California factory last week and it emerged that there were hundreds of COVID-19 cases reported at the same plant last year. Elsewhere, a Tesla investor has sued Musk and the company after he allegedly failed to abide by the terms of an SEC deal concerning his tweets.

    For example, language-leaning expert Duolingo and telemedicine-veteran Teladoc Health have fallen dramatically from my original investment points, but their business prospects haven’t changed. Likewise, digital-media giant Netflix has taken some of the deepest price cuts on the market for all the wrong reasons.

    Even after a 20% earnings-inspired price boost, my Netflix investment deserved some more cash.

    So I doubled down on these three stocks, building on my existing investments. Netflix is my largest holding, once again, taking that crown back from Tesla.

    I’m very comfortable with this state of affairs since I see tremendous value in Netflix, while my Tesla thesis has lost its long-term appeal.

    The stock market has been overvalued for a couple of years, but that problem faded in early 2022.

    Let me just hit some of the lowlights.

    • Seemingly bored with the day-to-day struggle of Tesla’s business and long-term strategy, Musk has become an important influencer on social media platforms such as Twitter(TWTR0.62%).
    • His social media obsession grew so large that he attempted to buy Twitter for $44 billion — and then tried to cancel the deal. That project is going to court now, as Twitter is suing Musk for breach of contract.
    • From the department of trivial silliness, Musk is officially the “Technoking of Tesla,” paired with the “Master of Coin,” Zach Kirkhorn.

    Elon Musk has declared himself the “Technoking” of electric car firm Tesla, in a move that seems custom-designed to flare up old disputes with regulators.

    In an 8-K form filed with the Securities and Exchange Commission on Monday, the company declared that as of March 15, Musk will serve as CEO while taking on the bizarre title of Technoking. Zach Kirkhorn, Tesla’s chief financial officer, will take on the title of “Master of Coin” — perhaps a reference to the same position in the Game of Thrones universe. The filing does not go into any more detail about the title changes.

    Want to dive deeper on Musk’s plans for Tesla? Subscribe to MUSK READS+ for exclusive interviews and analysis about all things Musk.

    Why did Elon Musk declare himself Technoking?

    In many ways, it’s par for the course.

    Tesla Inc.’s Elon Musk and his finance chief have added tongue-in-cheek titles while another one of the company’s top executives changes roles.

    Musk, the carmaker’s CEO, is now also the “Technoking of Tesla,” and CFO Zach Kirkhorn has added the title “Master of Coin,” according to a regulatory filing. Both will maintain the positions of CEO and CFO.

    In a separate filing, the company said Jerome Guillen, who’s been president of automotive since September 2018, transitioned last week to president of Tesla heavy trucking.

    Musk first showed a Semi prototype in December 2017 and said at that time Tesla would start production in 2019. It’s now planning to start deliveries by the end of this year.

    “As Tesla prepares to enter the critical heavy-trucks market for the first time, Mr.

    The Master of Coin title sounds like it could have a little bit to do with Tesla’s recent purchase of Bitcoin — the company bought $1.5 billion worth of the cryptocurrency in February — but to be fair, “master of coin” was a fairly common medieval title for royal treasurers. The term is also found in George R. R. Martin’s fantasy novel series, A Song of Ice and Fire; for example, Lord Petyr Baelish was at one point appointed as master of coin for King Robert I Baratheon.

    If you think that talking about fantasy novels in the context of a major automaker’s SEC filing is silly, go file a complaint with the company’s Technoking.

    Elon and Zach will also maintain their respective positions as Chief Executive Officer and Chief Financial Officer.”

    This title change follows Musk’s announcement last month that Tesla might start accepting bitcoin as a form of payment in the near future. The cryptocurrency’s stock price hit a new high of $61,788 over the weekend.

    Perhaps this is Musk’s not-so-subtle way of trying to let the world know who reigns supreme, especially after being bumped by Jeff Bezos as the richest person on the planet and after beingsued by a Tesla investorfor his continuous “erratic tweets” that potentially expose the electric vehicle company to fines and penalties that could drive its share price down.

    Musk’s announcement had a negligible impact on the stock price. Tesla’s stock is up 1.5% in morning trading. Tesla shares had an impressive 600% soar in 2020.

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