Electric cars – Musk calls himself Tesla’s “technoking”

The Tesla boss Elon Musk, known for his antics, has gained a royal title in the internal hierarchy of the electric car manufacturer. Musk is now the “Technoking of Tesla”, the company reported on Monday in a mandatory notification to the US Securities and Exchange Commission. CFO Zack Kirkhorn is now carrying the title “Master of Coin” (roughly: “Master of Coin”) – based on Tesla’s most recent dealings with cryptocurrencies such as Bitcoin.

Musk and Kirkhorn retained their positions as group and finance directors, and restricted Tesla. The 49-year-old Musk repeatedly causes a stir with his tweets and sometimes also for strong movements in the financial markets. In a recent lawsuit, an investor in the US electric car maker accuses the billionaire of “erratic” Twitter messages, which allegedly exposed the company to high legal risks and billions in price losses.

In May 2020, for example, Musk dropped Tesla’s stock by more than ten percent in a single trading day in a series of weird tweets. At the time, he wrote, among other things, that he thought the company’s market value was too high, and announced that he would sell almost all physical possessions. On April 1, 2019, he posted a joke photo about a Tesla bankruptcy. (dpa)

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