On Friday, Chief Financial Officer Zach Kirkhorn announced he is stepping down from his role with Tesla after more than four years. Kirkhorn has been dubbed the ‘Master of Coin,’ and was notorious for making sure Elon Musk’s ambitions were transformed into reality.
The electric car company announced on Monday that Chief Accounting Officer Vaibhav Taneja was appointed CFO on August 4, when Kirkhorn left his position. According to Tesla, Taneja served in various financial roles throughout the last five years and was an executive at SolarCity, which Tesla acquired in 2016.
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Image source: TeslaThis decision came ahead of Tesla’s Cybertruck entering the market later this year, raising questions on how Musk is planning to reach success without Kirkhorn. At present, Musk runs several large companies including Space X and X, (social media platform formerly known as Twitter).
The company did mention, however, that Kirkhorn will continue to serve the company “through the end of the year” to add support throughout the transition. “During his tenure, Tesla has seen tremendous expansion and growth. Tesla thanks Mr. Kirkhorn for his significant contributions,” Tesla said in a statement.
It remains unclear why Kirkhorn departed from Tesla or what his next moves will be. In a LinkedIn post, Kirkhorn thanked Musk for his leadership and optimism. “Being a part of this company is a special experience and I’m extremely proud of the work we’ve done together since I joined over 13 years ago.”
Tesla’s filings with the Securities and Exchange Commission did not mention whether Taneja would take on the “playful title of Master of Coin,” either. Tesla’s stock was lower in the early morning trading on Monday.
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