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
-
Postecoglou backs Bentancur appeal after ‘mistake’
7 mins -
#Manifesto debate: NDC to enact and pass National Climate Law – Prof Klutse
15 mins -
‘Everything a manager could wish for’ – Guardiola signs new deal
25 mins -
TEWU suspends strike after NLC directive, urges swift resolution of grievances
32 mins -
Netflix debuts Grain Media’s explosive film
59 mins -
‘Expired’ rice scandal: FDA is complicit; top officials must be fired – Ablakwa
2 hours -
#TheManifestoDebate: We’ll provide potable water, expand water distribution network – NDC
2 hours -
IPR Ghana@50: Pupils educated to keep the environment clean
2 hours -
PenTrust CEO named ‘Best Pensions CEO’, company wins ‘Scheme Administrator Award’ at Ghana Accountancy & Finance Awards 2024
2 hours -
Alan Kyerematen’s ‘Brighter Future for Health Professionals’ in Ghana Revealed in Bono
2 hours -
#TheManifestoDebate: NPP will ensure a safer, cleaner and greener environment – Dr Kokofu
3 hours -
2024 Election: Police to deal with individuals who will cause trouble – IGP
3 hours -
Seychelles President’s visit rekindles historical and diplomatic ties with Ghana
3 hours -
Election 2024: EC destroys defective ballot papers for Ahafo and Volta regions
3 hours -
2024 Election: I am sad EC disqualified me, but I endorse CPP’s candidate – PNP’s Nabla
3 hours