Forget Tesla CEO — Elon Musk has been promoted. According to a new SEC filing, the billionaire should now be referred to as “Technoking of Tesla.”
His chief financial officer, Zach Kirkhorn, has also been given a promotion… to “Master of Coin.” Both men are going to retain their respective positions.
Musk has reason to celebrate, with figures suggesting that Tesla has been sitting on close to $19 million in unrealized profit per day since announcing its $1.5-billion Bitcoin purchase. This almost eclipses the $721 million in profit it made from selling 500,000 cars in 2020.
The billionaire also waded into the trendy world of nonfungible tokens this week when he announced he was planning to sell a musical NFT, with lyrics based on the hype surrounding the technology — “It’s verified, it’s guaranteed.” Very catchy.
Despite bids exceeding $1.1 million on the Valuables platform, Musk later took his ball home, tweeting: “Actually, doesn’t feel quite right selling this. Will pass.” https://cointelegraph.com/magazine/2021/03/20/bitcoin-move-musks-promotion-toilet-paper-nft
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