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Aug. 7 (UPI) — Zachary Kirkhorn, the former chief financial officer at Tesla, announced on Monday that he has resigned from the company after serving for 13 years.
A filing with the Securities and Exchange Commission confirmed Kirkhorn’s resignation, effective August 4th, with Vaibhav Taneja assuming the role of CFO.
Kirkhorn shared his resignation on his official LinkedIn profile.
“As I transition my responsibilities, I would like to express my gratitude to the incredibly talented and hard-working employees at Tesla, who have achieved remarkable feats that many believed to be impossible,” he wrote. “I would also like to thank Elon for his exceptional leadership and unwavering optimism, which has inspired countless individuals.”
Tesla reported a total revenue of $24.9 billion during the second quarter, a 47% increase compared to the previous year. Free cash flow reached $1 billion, marking a 62% improvement from the same period in 2022.
The company produced a total of 479,000 vehicles, representing an 86% growth compared to the previous year, and deliveries increased by 83% year-over-year.
In April, Tesla reduced the prices of its electric vehicles in the U.S., including the Model Y sports utility vehicle and the base Model 3, in an effort to enhance affordability. However, these price cuts led to a decline in Tesla’s share value. On Monday, the stock was down approximately 8% during mid-day trading.
In a collaborative effort to address the lack of electric vehicle charging infrastructure, seven major automakers, including General Motors and Hyundai, unveiled plans to establish a nationwide network of 30,000 electric vehicle charging stations by 2030. The first stations are expected to open next summer, with the aim of eliminating long-distance EV range anxiety for drivers.
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