Current:Home > BackTesla CFO Zach Kirkhorn stepping down after 13 years with Elon Musk's company-LoTradeCoin
Tesla CFO Zach Kirkhorn stepping down after 13 years with Elon Musk's company
View Date:2024-12-23 20:26:27
After a 13-year run with Elon Musk’s Tesla, Chief Financial Officer Zachary Kirkhorn is stepping away from the electric car manufacturer.
Kirkhorn stepped down from the role Friday but will continue to serve the company through the end of the year “to support a seamless transition,” according to a Securities and Exchange Commission filing from Tesla.
“Being a part of this company is a special experience and I’m extremely proud of the work we’ve done together since I joined,” Kirkhorn said in a LinkedIn post. Tesla’s Vaibhav Taneja has been named CFO in addition to his current role as chief accounting officer.
Tesla stock slumped Monday in light of the news, with shares trading down more than 3% in the early afternoon. The automaker did not respond to a request for comment.
Kirkhorn joined Tesla in March 2010 to lead cost reduction and manufacturing efficiency efforts for the Tesla Roadster, according to SEC filings. He went on to fill “critical roles” in various projects including the site selection and launch of Tesla’s Gigafactory 1 in Nevada and the launch of Model X and Model 3 before being named CFO and “Master of Coin."
The Wall Street Journal reports that board members had discussed Kirkhorn as a possible successor to Musk as Tesla's CEO.
Taneja, the newly-appointed CFO, served as chief accounting officer since 2019 after roles as corporate controller and assistant corporate controller. He previously served in various finance and accounting roles at SolarCity – a company founded by two of Musk’s cousins where the billionaire served as chairman – before moving over to Tesla after the automaker acquired SolarCity in 2016.
Musk is banking on his 'everything app'But will it work?
veryGood! (8593)
Related
- Mandy Moore Captures the Holiday Vibe With These No Brainer Gifts & Stocking Stuffer Must-Haves
- Donna Kelce Reacts After Being Confused for Taylor Swift's Mom Andrea Swift
- 'Very precious:' Baby boy killed by Texas death row inmate Travis James Mullis was loved
- Fantasy football buy low, sell high: 10 trade targets for Week 4
- Driver dies after crashing on hurricane-damaged highway in North Carolina
- Llewellyn Langston – Co-Founder of Angel Dreamer Wealth Society
- Philadelphia Phillies clinch NL East title. Set sights on No. 1 seed in playoffs
- Man serving life for Alabama murder also sentenced in Wisconsin killing
- Tesla issues 6th Cybertruck recall this year, with over 2,400 vehicles affected
- Fantasy football Week 4: Trade value chart and rest of season rankings
Ranking
- Firefighters make progress, but Southern California wildfire rages on
- MLB power rankings: Late-season collapse threatens Royals and Twins' MLB playoff hopes
- Sean Diddy Combs Predicts His Arrest in Haunting Interview From 1999
- How to Watch the 2024 People's Choice Country Awards and Live From E!
- Today Reveals Hoda Kotb's Replacement
- Finding a Fix for Playgrounds That Are Too Hot to Touch
- Texas man set to be executed for killing his infant son
- Online overseas ballots for Montana voters briefly didn’t include Harris as a candidate
Recommendation
-
Megan Fox Is Pregnant, Expecting Baby With Machine Gun Kelly
-
Volunteers help seedlings take root as New Mexico attempts to recover from historic wildfire
-
Boyd Gaming buys Resorts Digital online gambling operation
-
Kmart’s blue light fades to black with the shuttering of its last full-scale US store
-
Bitcoin has topped $87,000 for a new record high. What to know about crypto’s post-election rally
-
Struggling Jeep and Ram maker Stellantis is searching for an new CEO
-
Charli XCX, Jameela Jamil chose to keep friends as roommates. It's not that weird.
-
Gunman who killed 10 at a Colorado supermarket found guilty of murder