This post was originally published on this site
Elon Musk may have already been the unofficial king of Tesla Inc., but starting Monday, his title has officially changed to “Technoking.”
The company TSLA, -0.84% disclosed in an 8-K filing Monday that the change in title was effective March 15. The company said Musk will maintain his position of chief executive officer.
But that’s not all. Zach Kirkhorn will maintain his position of chief financial officer, but his official title has changed to “Master of Coin,” also effective March 15.
The title changes come about a month after the electric vehicle maker disclosed it had acquired $1.5 billion in bitcoins BTCUSD, -6.80% in January, and said it could accept the digital asset for payment in the future.
Separately, Tesla disclosed Monday that Jerome Guillen, president of automotive, has transitioned to the role of President, Tesla Heavy Trucking.
Tesla’s stock slipped 0.5% in premarket trading. It has advanced 9.6% over the past three months through Friday, and soared 534.6% over the past 12 months. In comparison, the S&P 500 index SPX, +0.10% has gained 6.7% over the past three months and rallied 45.5% the past year.
