Tesla CFO Zach Kirkhorn Resigns, Vaibhav Taneja Promoted to CFO

Tesla's CFO Zach Kirkhorn has resigned, effective Aug. 4, and will be replaced by Vaibhav Taneja, who will also continue in his role as chief accounting officer. Kirkhorn will remain with the company until the end of the year to ensure a smooth transition. The announcement of Kirkhorn's departure caused Tesla's shares to drop by 2.5%. Kirkhorn had been with Tesla for 13 years and served as CFO for four years, and in his statement, he expressed gratitude towards the company's employees and recognized Elon Musk's leadership role.

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