Elon Musk Gets New Official Title ‘Technoking of Tesla’, Unveils NFT-Themed Song

Tesla CFO Zach Kirkhorn named “Master of Coin” in a regulatory filing. Tesla added “Technoking of Tesla” to billionaire Chief Executive Officer Elon Musk’s list of official titles on Monday, in a regulatory filing that also named finance chief Zach Kirkhorn “Master of Coin.” The electric-car maker did not explain the reasons for the cryptic new titles. 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…

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Bitcoin price hits new record high after Tesla confirms $1.5bn purchase

bitcoin

Tesla will soon start accepting payments in bitcoin for its products In a recent filing with the US Securities and Exchange Commission (SEC), Tesla announced that it has purchased $1.5bn worth of bitcoin which helped push the price of the cryptocurrency past $40k per coin. According to the filing, the US automaker said that it updated its investment policy in January to provide the company “with more flexibility to further diversify and maximize returns” on its cash. As part of the policy, Tesla plans to invest a portion of its cash reserves into…

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