Last year, Tesla has formally named its chief executive officer Elon Musk the “Technoking of Tesla”. And the chief financial officer Zach Kirkhorn became the “Master of Coin”. Meanwhile, Musk posted a techno track about an NFT. And said he is selling it as a non-fungible token. What’s going on now with that titles and NFTs though?
Why did Elon become Technoking?
Tesla Inc. filed a Form 8-K with the Securities and exchange commission (SEC) on March 15th, 2021. The document showed new titles for the CEO and CFO of the company: “Technoking of Tesla” and “Master of Coin”. Although the first title’s origin is unclear, the second refers to the “Game of Thrones” series.
Even though his title has changed, the entrepreneur has not officially retired from his post as chairman at the electric automaker. The filing says Elon and Zach will also remain in their official titles of CEO and Chief Financial Officer. The SEC filing does not provide details on the reason for the changes.
These funny news hasn’t had any effects on Tesla’s shares. Electric automaker’s share prices remained steady till its all-time high of $409.97 on November 4th. As for now Tesla’s stock price dropped far from its ATH and fluctuates around $227.
It was a joke
In December 2021, at the The Wall Street Journal’s CEO Council Summit, Musk commented his new title. Musk’s vision is that all these position names do not mean anything and are “just basically made up”. He said it was a joke. Since then media started calling him a corporate prankster. There is no evidence if Tesla workers liked the boss’ joke.
There’s a grain of truth in every joke
As of November 1st, the billionaire’s title has not officially changed. Tesla investor relations page still says the billionaire is the “Technoking of Tesla” and Tesla CFO Zach Kirkhorn is still the “Master of Coin”.
Tesla is an American automotive and energy company that was founded in 2003. It specializes in electric cars, solar panels, and battery storage. Tesla’s Model S, X, and 3 are fully electric and zero-emission vehicles that can be driven on a single charge. These electric cars also use fully autonomous technology for driving and new driver assistance software. Tesla also produces Powerwall and Powerpack batteries for home use and commercial use to store electricity generated from renewable sources.
After Musk founded Tesla in 2003, he became the company’s chairman 4 years later and left it in 2018. He remains in the CEO position since that time. During a January 2021 quarterly earnings call, the entrepreneur complained that being Tesla’s CEO is one of his biggest challenges.
What is the next Elon Musk’s work? A new electronic track!
On the same day, March 15th, Musk tweeted about a sale of a video in an electronic music style. The song about NFTs contains 2 minutes video and a music track. The song itself doesn’t have a name. The video shows a golden statue with the words “NFT”, “Vanity Trophy,” “HODL,” and “Computers Never Sleep”. The attentive viewer could also recognize hands and diamonds near them. This is a reference to the WallStreetBets movement, which gained huge popularity in 2021.
Two days later he commented: “Actually, doesn’t feel quite right selling this. Will pass.” But an EDM song about Non-Fungible Tokens currently is being sold on the Valuables website, with its highest bid at $0.99 million.
This is not Elon’s first musical experiment. In 2020, he released a song called “Don’t Doubt Ur Vibe” under his own record label, Emo G Records. Earlier in 2019, in memory of the gorilla that was peacefully killed, Elon Musk combined a Twitter joke, a years-old meme, and Auto-Tune into a surprise song called “RIP Harambe”. Notably, his other project, Neurolink, is also developing a chip that will stream music directly into your brain.
The history of Elon Musk’s roles as an entrepreneur, scientist, and a social Media Influencer
Elon Musk is a self-made man who has had an immense impact on the world. He is an American-South African business magnate, engineer, inventor, and investor. His most well-known work to date is as the founder of Tesla Motors and SpaceX. His roles as a scientist, entrepreneur, and social media influencer shaped his impact on the world.
Entrepreneur. Elon Musk is known for being a hardworking and intelligent person who has made significant contributions to the world in many different ways. He started off as a talented and ambitious engineer who studied physics at Queen’s University before moving on to graduate with an engineering degree from the University of Pennsylvania. From there Musk worked as a software engineer for Hewlett-Packard and later became a co-founder of Zip2. His most recent project is SpaceX, in which he’s made strides in revolutionizing the space industry.
Scientist. In his spare time, Musk likes to pursue interests in artificial intelligence and science fiction and has even published two books on the subject.
Social Media Influencer. Elon Musk’s tweets have a high impact on both stock and crypto markets. Tesla’s CEO has influenced the prices of DOGE multiple times in the past. For example, in December 2021 he tweeted ‘One Word: Doge.’ This post caused trading volume jump from $2,000 up to nearly $300,000 every minute.
Billionaire and Person of the Year. Musk has been recognized with a number of prestigious accolades, including being named Time’s Person of the Year in 2021. He is also listed on the Forbes list of billionaires, with a net worth of $20.7 billion.
Crazy ideas and future plans
Elon Musk has been profiled as a genius since his early college days, and it is no surprise that his company, Tesla, is one of the most successful in the auto industry. Elon Musk, who has gained notoriety in recent years for his ambitious and often outlandish promises, is not backing down. Whatever he does — builds spaceships, produces driver assistance software, researches the brain, tweeting NFT things, or even crowns himself technoking — everything goes through the news and gets a market response. What’s his next invention?
Recently he also closed a deal of buying Twitter from its managers’ team. And this event is going to change the social network permanently. How much — we can only guess.
