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Aug. 7 (UPI) — Zachary Kirkhorn, the chief financial officer of Tesla, announced on Monday that he has resigned from his position after 13 years of service at the electric vehicle company.
A filing with the Securities and Exchange Commission confirmed Kirkhorn’s formal resignation from the company founded by Elon Musk on August 4. Vaibhav Taneja, the Chief Accounting Officer, will assume the role of CFO in his place.
Kirkhorn personally shared his announcement on his official LinkedIn profile.
“As I transition my responsibilities, I would like to express my gratitude to the talented and dedicated employees at Tesla who have accomplished the seemingly impossible,” he wrote on Monday. “I would also like to thank Elon for his inspiring leadership and optimism that has touched the lives of countless individuals.”
Tesla reported total revenue of $24.9 billion in the second quarter, marking a 47% improvement compared to the previous year. The company also achieved a 62% increase in free cash flow, totaling $1 billion.
With a total production of 479,000 vehicles, Tesla experienced an 86% growth from the previous year, while deliveries saw an 83% increase.
To enhance affordability, Tesla reduced the prices of its electric vehicle models, including the Model Y and the base Model 3, which led to a decrease in the company’s stock value by about 8% during mid-day trading on Monday.
In collaboration with major automakers such as General Motors and Hyundai, Tesla is aiming to create a nationwide network of 30,000 electric vehicle charging stations by 2030. The initiative seeks to alleviate concerns about long-distance travel and the availability of charging infrastructure.
