Meanwhile, the company's chief financial officer has been designated “Master of Coin.”
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Controversial electric-car whiz Elon Musk has updated his job title from CEO to “Technoking of Tesla” – as in Techno King – according to documents filed with the U.S. Securities and Exchange Commission overnight.

The eccentric billionaire is yet to explain the reason for the bizarre move.

Meanwhile, the company’s chief financial officer Zach Kirkhorn has been officially designated “Master of Coin.”

This likely references the electric vehicle manufacturer's recent US$1.5 billion (AU$1.95 billion) investment in the cryptocurrency bitcoin.

According to the 8-K filling, both executives will retain the existing titles of CEO and CFO respectively alongside the new names.