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Musk named ’Technoking of Tesla’ in cryptic regulatory filing

Musk named ’Technoking of Tesla’ in cryptic regulatory filing

In a regulatory filing with the SEC, Tesla has given CEO Elon Musk the title of ’Technoking of Tesla’ while naming finance chief Zachary Kirkhorn ’Master of Coin.’ The carmaker did not provide a reason behind the cryptic new titles. Kirkhorn’s title comes in the wake of the company’s $1.5B purchase of Bitcoin. Both, Musk and Kirkhorn, will retain their existing titles of CEO and CFO.

Fareem
Fareem
Jon
Jon 0 months

Under the law as I understand it, a corporation can put whatever the board likes into the Bylaws, and while they can be held legally liable for any crimes or violations so committed, if they want to give themselves silly titles or require that all company officers wear clown noses when at official functions, they can. Moreover, regardless of how silly the titles, they can attach actual power to those titles by putting that in the Bylaws as well.

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