Tesla creates Master of Coin post
Tesla renamed the titles of CEO Elon Musk and CFO Zach Kirkhorn to Technoking of Tesla [“Techno-king”] and Master of Coin [“Master of Coin”], respectively. Documentation on this was filed with the SEC.
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Musk and Kirkhorn will remain as Chief Executive Officer and Chief Financial Officer.
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The title Master of Coin is probably not a Bitcoin reference but to the Game of Thrones character. In the series, the Master of Coin oversees the royal treasury and advises the monarch on financial matters.
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Kirkhorn’s duties include advising Tesla on investments and finance.
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In January 2021, the company invested $1.5 billion in Bitcoin. The information was disclosed only in early February, after which Bitcoin’s market capitalization rose above $800 billion for the first time.
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Experts assessed the consequences of Tesla’s investments in Bitcoin
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Later, Elon Musk himself described investing in the leading cryptocurrency “quite risky”.
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