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

Zachary Kirkhorn, Tesla’s chief monetary officer and so-called ‘Master of Coin‘ stepped down August 4 after 13 years working with the electrical car maker, in accordance with a regulatory submitting.

Vaibhav Taneja, Tesla’s present chief accounting officer, will succeed Kirkhorn. The previous CFO will proceed his position at Tesla by way of the top of 2023 to assist the transition, in accordance with the corporate.

Tesla inventory dropped barely on the information and continues to fall because the market opens.

Taneja has labored as Tesla’s chief accounting officer since March 2019. Previous to that position, he labored as company controller from Could 2018, and assistant company managed from February 2017 to Could 2018. He additionally labored in numerous financing and accounting roles at SolarCity Company, the solar energy company that Tesla acquired in 2016.

Tesla shareholders had filed go well with in opposition to CEO Elon Musk and the corporate over that deal, calling it a bailout and claiming the manager coerced Tesla’s board into shopping for SolarCity. In 2022, a Delaware judge ruled in favor of Musk.

It’s unclear why Kirkhorn has departed Tesla, or what his subsequent strikes are. The CFO didn’t present any particulars in a LinkedIn post saying his departure this morning. Tesla’s submitting with the Securities and Trade Fee additionally didn’t say whether or not Taneja would tackle the playful title of Grasp of Coin. Tesla couldn’t be reached in time to remark.