(CTN News) – Earlier this week, Tesla announced the appointment of Indian-origin Vaibhav Taneja as its Chief Financial Officer (CFO),Zachary Kirkhorn who stepped down after four years in the position.
As far as Kirkhorn’s departure from the Elon Musk-owned Tesla company is
According to Reuters, he will remain in the position until the end of theassist in the smooth transition for the company.
tenure, Tesla reported its first quarterly profit after its mass-market Model 3 compact sedan and hit a market valuation of over a trillion dollars in the process.
During a conference call with analysts to discuss the company’s quarterly results, Musk revealed the appointment of Kirkhorn inthe departure of Ahuja’s predecessor at the end of the call. This occurred at the end of the call.
“I have had the privilege of being a member of this company for the past 13I’m extremely proud of the accomplished together since I joined over 13 years Kirkhorn said in a LinkedIn post.
When Kirkhorn was contacted on LinkedIn, he did not immediately respond to queries. During the course of the day, Tesla’s shares2%.
As far as I am concerned, the fact that he Deepwater Asset Management managing partner.until the end of the year suggests that this is just a personal is likely that working with Elon Musk is really hard, which he has been doing for 13 years,” said Gene Munster, a
As a result of Tesla’s acquisition of SolarCity in 2016,
Taneja, 45, joined the automakerVice President. It has been announced by the automaker that he will take on the role of “Master of in addition to his responsibilities as the company’s chief accounting officer.
With the aim of boosting sales and market share, the Austin, Texas-based automaker has cut the prices of its models this year, in a move that has squeezed its industry-leading margins and prioritized sales growth.
As the market for electric vehicles continues to battle higher borrowing costs, Tesla has also hinted at further priceas the firm’s sales due to what CEO Elon Musk called “turbulent times.”
Earlier this year, the Wall Street Journal reported that outgoing CFO Kirkhorn had also been considered as a possible successor toamid growing investor concern about the lack of a clear succession plan at Elon Musk’s company.
Currently, Musk is the CEO of SpaceX, Neuralink, the Boringis also the chief technology officer of the social media platform X, formerly known as Twitter.