Tesla CFO, ‘Master of Coin’ Zachary Kirkhorn steps down


Share post:

Zachary Kirkhorn, Tesla’s chief financial officer and so-called ‘Master of Coin‘ stepped down August 4 after 13 years working with the electric vehicle maker, according to a regulatory filing.

Vaibhav Taneja, Tesla’s current chief accounting officer, will succeed Kirkhorn. The former CFO will continue his role at Tesla through the end of 2023 to support the transition, according to the company.

Tesla stock dropped slightly on the news and continues to fall as the market opens.

Taneja has worked as Tesla’s chief accounting officer since March 2019. Prior to that role, he worked as corporate controller from May 2018, and assistant corporate controlled from February 2017 to May 2018. He also worked in various financing and accounting roles at SolarCity Corporation, the solar energy company that Tesla acquired in 2016.

Tesla shareholders had filed suit against CEO Elon Musk and the company over that deal, calling it a bailout and claiming the executive coerced Tesla’s board into buying SolarCity. In 2022, a Delaware judge ruled in favor of Musk.

It’s unclear why Kirkhorn has departed Tesla, or what his next moves are. The CFO didn’t provide any details in a LinkedIn post announcing his departure this morning. Tesla’s filing with the Securities and Exchange Commission also did not say whether Taneja would take on the playful title of Master of Coin. Tesla could not be reached in time to comment.

Source link

Lisa Holden
Lisa Holden
Lisa Holden is a news writer for LinkDaddy News. She writes health, sport, tech, and more. Some of her favorite topics include the latest trends in fitness and wellness, the best ways to use technology to improve your life, and the latest developments in medical research.

Recent posts

Related articles

Ten Key Labs wants to simplify managing equity for startups

Amar Varma, a three-time entrepreneur and VC, experienced firsthand the challenge of dealing with administering equity stakes...

HCVC is back with a new $75 million deep tech fund

Paris-based VC firm HCVC just announced the final closing of its second fund simply called “Fund II”....

Cloaked manages your logins with proxy emails, phone numbers and a built-in password manager

Boston-based privacy and security startup Cloaked, launched its apps today to let users create unique proxy emails,...

Stitch raises $25M Series A extension led by Ribbit Capital, increasing the round’s total to $46M

Open banking, in which traditional banks release their data via application programming interfaces (APIs) to enable the...

Unitary AI picks up $15M for its multimodal approach to video content moderation

Content moderation continues to be a contentious topic in the world of online media. New regulations and...

Elon Musk is being sued for defamation after falsely claiming a man was a neo-Nazi on X

Elon Musk has been on something of a suing spree lately, but on Monday Twitter’s new owner...

Tesla Autopilot arbitration win could set legal benchmark in auto industry

In a victory for Tesla, a California federal judge ruled over the weekend that a group of...

Max Q: Mining moon water

Hello and welcome back to Max Q! In this issue: Mining water on the moon with Starpath Robotics News from...