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Elon Musk takes another fight with the US stock exchange regulator and calls for Tesla to be “technoking”

2021-03-16T08:37:27.549Z


Elon Musk is always good for a surprise. On Monday he made a mandatory report to the US Securities and Exchange Commission for amusement worldwide.


Elon Musk is always good for a surprise.

On Monday he made a mandatory report to the US Securities and Exchange Commission for amusement worldwide.

Palo Alto - The relationship between Tesla boss Elon Musk and the US Securities and Exchange Commission is not entirely free of tension.

Because the authority, known for its relentless severity, regularly drives into the parade, Musk always makes fun of dragging the high priests of Wall Street through the cocoa.

In April 2019, for example, the multi-entrepreneur posted a joke photo that announced an impending Tesla bankruptcy.

Many Tesla shareholders didn't think that was so funny.

Last May, Musk tweeted bluntly that he thought the company's market value was too high.

That also caused horror among investors.

Tesla: Elon Musk secures royal title

Now Musk has struck again.

In a one-line message to the SEC, Musk quickly acquired a royal title on Monday.

Musk is now the "Technoking of Tesla", the company reported on Monday in a mandatory disclosure to the SEC.

CFO Zack Kirkhorn is now carrying the title “Master of Coin” (for example: “Master of Coin”) - based on Tesla's most recent Bitcoin deals.

The Californians had invested 1.5 billion dollars in the crypto currency in mid-January and announced that they would also accept Bitcoin as a means of payment.

Musk and Kirkhorn retained their positions as corporate and finance directors, however, and restricted Tesla.

The 49-year-old Musk repeatedly causes a stir with his tweets and sometimes also for strong movements in the financial markets.

In a recent lawsuit, an investor in the US electric car maker accuses the billionaire of "erratic" Twitter messages, which allegedly exposed the company to high legal risks and billions in price losses.

Tesla: E-truck project is picking up speed

In another SEC announcement on Monday, it also said that Jerome Guillen would take over the management of Tesla's truck business.

At the end of 2017, Musk presented the prototype of the fully electric semi-heavy truck for the first time.

Production is scheduled to start at the end of the year.

Originally, the Californians had planned a market launch for 2019.

Source: merkur

All news articles on 2021-03-16

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