Tesla's stock drops nearly 3% as CFO steps down

Shares of Tesla Inc. fell nearly 3% Monday, reversing an earlier premarket gain, after the electric-vehicle giant said that Chief Financial Officer Zachary Kirkhorn was stepping down after four years in the role and 13 years with the company.

Tesla said it named Chief Accounting Officer Vaibhav Taneja as CFO. Taneja has been Tesla’s CAO since March 2019, and was corporate controller from May 2018. Tesla said Kirkhorn will serve Tesla through the end of the year to help support the transition.Besides being chief accounting officer, Taneja was corporate controller and assistant corporate controller, and was previously a SolarCity Corp. executive before Tesla bought the solar-power company in 2016.

Jerome Guillen, then president of Tesla Heavy Trucking, departed in June 2021 and was one of the last of Musk’s original lieutenants at the EV maker. Tesla at the time issued a two-sentence announcement upon Guillen’s departure.

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