display
The Tesla boss regularly proves that Elon Musk has a special sense of humor with some very bizarre posts on Twitter.
But this time one of the richest men in the world makes one of his jokes in a highly official manner and provokes the US Securities and Exchange Commission once more.
Typically, companies only share important, mostly financial, information with the SEC.
Companies that are listed on the stock exchange have to regularly disclose their financial figures here, important new investors who buy larger blocks of shares have to disclose themselves in such an SEC announcement and changes in top management are also reported in this way.
Therefore, the financial world listened on Monday morning German time when an SEC report was received from Tesla.
The message that came in on what is known as an 8-K form for “unscheduled and material events” consists of just two sentences.
display
"With effect from March 15, the titles of Elon Musk and Zach Kirkhorn have changed to Technoking of Tesla and Master of Coin," the official document says.
"Elon and Zach will retain their positions as Chief Executive Officer and Chief Financial Officer."
So actually nothing has changed at Tesla, the boss just thinks it's funny not to be addressed as CEO in the future, but as “Technoking of Tesla”.
His chief financial officer, Zach Kirkhorn, does not get any new or different tasks, but only the title “Master of Coin” - a medieval title that can be translated into German as “treasurer”.
In the future, the electric car manufacturer will be ruled by a techno king and his treasurer.
It is well known that Elon Musk has a fondness for both techno and medieval fantasy stories.
He has announced several times that he also wants to build a techno disco under the new Tesla plant in Grünheide, Brandenburg.
It wasn't until Sunday that he tweeted again that the plan was still up to date.
display
Musk's Twitter antics have been viewed critically by the US Securities and Exchange Commission for many years.
The SEC initiated legal proceedings against Musk and Tesla several times for tweeting messages that influenced the price of the shares - which Musk was then unable to comply with.
For example, he had announced on Twitter that he wanted to take Tesla off the stock exchange at a significantly higher price than the share was worth at the time, but then had to withdraw this announcement.
The SEC therefore fined Musk and Tesla $ 20 million each in 2018.
Musk also had to promise to have future tweets approved in advance if they could affect the share price.
Even after this agreement with the authorities, the Tesla boss never stopped teasing.
So he called the SEC, the abbreviation of which actually stands for "Securities and Exchange Commission", in a tweet in 2018 as the "Shortseller Enrichment Commission" - in German, for example: Shortseller Enrichment Commission.
display
Short sellers are investors who bet on the falling prices of a company.
The agency is unlikely to like the fact that Musk is now also abusing the official SEC channels for his jokes.
"Alles auf Aktien" is the daily stock market shot from the WELT business team. Every morning from 7 am with the financial journalists Moritz Seyffarth and Holger Zschäpitz. For stock market experts and beginners.
Subscribe to the podcast on Spotify, Apple Podcast, Amazon Music and Deezer, or directly via RSS feed.