It’s fair to say Elon Musk has once again trolled the legal system in his most unique way. Tesla has submitted a new filing with the Securities and Exchange Commission (SEC) with new titles for the Chief Executive Officer (CEO) and Chief Financial Officer (CFO) of Tesla.
Tesla explained in its filing with the SEC: “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”.
This comes as no surprise because Elon Musk has always been an advocate of cryptocurrency. Tesla not only recently purchased $1.5 billion of Bitcoin, but the company will soon accept cryptocurrency as a form of payment.
Bitcoin hit new highs of near $62,000 over the weekend but retreated around 5% early in the European day on Monday.
Elon Musk launches NFT- themed song
Musk also shared a new electronic music track about a non-fungible token, or NFT – a new type of digital asset that is authenticated by blockchain.
“I’m selling this song about NFTs as an NFT,” the tweet said, showing a video of what appeared to be a golden trophy decorated with coins and dog figurines accompanied by pulsing techno music.
I’m selling this song about NFTs as an NFT pic.twitter.com/B4EZLlesPx
— Elon Musk (@elonmusk) March 15, 2021
The popularity of NFTs has exploded during the pandemic, as enthusiasts and investors scramble to spend enormous sums of money on items that only exist online.
Last month, musician and artist Grimes, who is dating Musk, sold some animations she made on a website called Nifty Gateway for more than $6 million.
In another statement, Tesla said President of Automotive Jerome Guillen had moved to the role of President for Tesla Heavy Trucking, to lead Tesla’s entry into “the critical heavy trucks market for the first time.”
