Investor's Corner

Tesla CFO Zach Kirkhorn steps down but will remain until end of 2023

(Credit: Tesla)

Tesla’s Zach Kirkhorn confirmed this morning that he will step down from his position as Chief Financial Officer. Tesla said he would remain with the company until the end of 2023.

Tesla announced Kirkhorn’s relinquishment of the position this morning, stating he would be replaced by Chief Accounting Officer Vaibhav Taneja.

Kirkhorn’s LinkedIn post said:

“This morning Tesla announced that I’ve stepped down from my role as Chief Financial Officer, succeeded by our Chief Accounting Officer, Vaibhav Taneja. 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. As I shift my responsibilities to support this transition, I want to thank the talented, passionate, and hard-working employees at Tesla, who have accomplished things many thought not possible. I also want to thank Elon for his leadership and optimism, which has inspired so many people.”

It appears that Kirkhorn will remain with Tesla until the end of 2023, as the wording in the post states that he will “shift responsibilities to support this transition.”

Kirkhorn started at Tesla in 2010 as a Senior Analyst in Finance. He worked at Microsoft prior to Tesla, and attended the prestigious Wharton School at the University of Pennsylvania, as well as Harvard Business School. CEO Elon Musk also attended the Wharton School, receiving a Bachelor of Science in Economics in the 1990s.

According to Tesla’s 8-K filing this morning, which revealed the news, Kirkhorn stepped down last Friday:

“Mr. Kirkhorn stepped down as of August 4, after a thirteen-year tenure with the company, the last four years of which he has served as Master of Coin and Chief Financial Officer. During his tenure, Tesla has seen tremendous expansion and growth. Tesla thanks Mr. Kirkhorn for his significant contributions. Mr. Kirkhorn will continue to serve Tesla through the end of the year to support a seamless transition.”

Vaibhav Taneja has been with Tesla since 2017 and has been in his current role since March 2019. Previously, he was employed with Tesla subsidiary SolarCity and worked at PricewaterhouseCoopers from 1999 to 2016.

Please email me with questions and comments at joey@teslarati.com. I’d love to chat! You can also reach me on Twitter @KlenderJoey, or if you have news tips, you can email us at tips@teslarati.com.

Tesla CFO Zach Kirkhorn steps down but will remain until end of 2023
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