Tesla CFO Zach Kirkhorn steps down

Tesla's main fiscal officer, Zach Kirkhorn, stepped down from his position, effectual Aug. 4, the automaker announced Monday greeting successful a regulatory filing. Tesla's main accounting serviceman Vaibhav Taneja was appointed arsenic the caller CFO and volition clasp some roles concurrently.

Shares of Tesla were trading down astir 1% connected the news.

Kirkhorn volition enactment connected with Tesla done the extremity of the twelvemonth to assistance successful the transition, according to a Securities and Exchange Commission filing. Kirkhorn had served arsenic CFO since March 2019 and had worked for Tesla since 2010.

"As I displacement my responsibilities to enactment this transition, I privation to convey the talented, passionate, and hard-working employees astatine Tesla, who person accomplished things galore thought not possible," Kirkhorn wrote connected LinkedIn.

Kirkhorn's departure marks the 2nd CFO replacement astatine Tesla successful conscionable implicit 4 years. When anterior CFO Deepak Ahuja near Tesla successful 2019, shares dipped arsenic overmuch arsenic 4.5%.

Vaibhav Taneja, Kirkhorn's replacement and Tesla's erstwhile main accounting officer, has been with the automaker since 2017. He worked for SolarCity earlier joining Tesla, by mode of the automaker's $2.6 cardinal acquisition of the star installer. Before that, Taneja was employed astatine PwC for astir 17 years. PwC is Tesla's auditor.

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