Elon Musk Changes Title to 'Technoking of Tesla', CFO Now 'Master of Coin'

© AP Photo / Hannibal HanschkeSpaceX owner and Tesla CEO Elon Musk arrives on the red carpet for the Axel Springer media award, in Berlin, Germany, Tuesday, Dec. 1, 2020.
SpaceX owner and Tesla CEO Elon Musk arrives on the red carpet for the Axel Springer media award, in Berlin, Germany, Tuesday, Dec. 1, 2020. - Sputnik International, 1920, 15.03.2021
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MOSCOW (Sputnik) - Tesla's chief executive, Elon Musk, and chief financial officer (CFO) Zach Kirkhorn have changed their official titles, the company announced through a statement on the US Securities and Exchange Commission (SEC) website.

"Effective as of March 15, 2021, the titles of Elon Musk and Zach Kirkhorn have changed to Technoking of Tesla and Master of Coin, respectively. Elon and Zach will also maintain their respective positions as Chief Executive Officer and Chief Financial Officer," the SEC said.

Tesla and SpaceX Chief Executive Officer Elon Musk listens to a question as he speaks at the SATELLITE Conference and Exhibition in Washington, 9 March 2020 - Sputnik International, 1920, 15.02.2021
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In 2018, the SEC accused Musk of securities fraud after he made a series of tweets announcing the company's plans to go private, which he then dismissed. The posts caused drastic fluctuations in Tesla's stock prices.

On Friday, the media reported that an investor had sued Musk for repeated violations of the 2018 settlement with the SEC over his Twitter use. The new lawsuit also named Tesla's board as defendants, as they allegedly failed to control Musk's "erratic" online behavior, which led to billions of dollars in losses.

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