Tesla filed a Form 8-K with the SEC, announcing that it appointed Vaibhav Taneja as Chief Financial Officer (CFO) in addition to his current role as Chief Accounting Officer. The announcement took everyone by surprise, including Zachary Kirkhorn, the acting CFO, who learned today that he stepped down on Friday.
A surprising executive reshuffle muddies the waters at Tesla, causing the stock to tumble by 3.5% at the time of writing. A surprising executive reshuffle muddies the waters at Tesla, causing the stock to tumble by 3.5% after the stock exchange opening. Tesla closed on Friday at $253.86 but opened on Monday at $251.49 and dropped to $243.31 shortly after Yesla announced the change. It has recovered since then, and at the time of writing, Tesla stock traded at $246.46 (down 2.9%).
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