New Delhi:- The finance chief of Tesla, Zachary Kirkhorn, has resigned from his position after working for four years. The company, which is considered the most valuable automaker in the world, announced that Vaibhav Taneja, who was in charge of accounting, will take over the role. As a result, the company's shares dropped by more than 3 percent on Monday.
The company led by Elon Musk did not explain why Kirkhorn, who has worked at Tesla for 13 years, left. He will stay in the company until the end of the year to help make the process go smoothly. 100 lakh crore) at one point. 82,78,000 crore can be rewritten as 8,278,000,000,000 is he sales of the Tesla Model 3.
Kirkhorn was hired in 2019 and Deepak Ahuja left the company. Musk announced these changes unexpectedly during a conference call with analysts to talk about the company's quarterly results.
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"Being a part of this company has been a great experience and I am very proud of the work we have done together since I started working here more than 13 years ago," Kirkhorn wrote in a post on LinkedIn.
Kirkhorn didn't reply right away when we sent him a message on LinkedIn. Gene Munster, who works at Deepwater Asset Management, said that the fact that he will stay until the end of the year is proof that this is only for personal reasons. The personal reason is probably that working with Elon Musk is very difficult, and he has been doing it for 13 years.
Taneja, who is 45 years old, started working at Tesla after the company bought SolarCity in 2016. He also becomes the "Master of Coin" and continues to be the chief accounting officer, said the automaker.
The car company in Austin, Texas decided to lower the prices of its cars this year. They did this to sell more cars and gain a bigger share of the market, but it also meant they made less money on each car they sold.
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Tesla has suggested that they might lower prices even more during difficult times, due to the increasing costs of borrowing money and how it affects the sales of electric cars.
The Wall Street Journal reported that Kirkhorn, who was leaving his role as CFO, was being considered as a potential new leader for Musk. Investors were worried because there was no clear plan for who would take over Musk's position.
Musk is in charge of SpaceX, Neuralink, the Boring Company, and is the chief technology officer at X, which used to be called Twitter.
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Tesla's previous Chief Finance Officer, Zachary Kirkhorn, has resigned from his position. Vaibhav Taneja has been appointed as the new Chief Finance Officer. Taneja has been a part of Tesla's team for 13 years.