Aug. 7 (UPI) — The chief financial officer at electric vehicle company Tesla, Zachary Kirkhorn, revealed Monday that he resigned from his position after a 13-year tenure with the company.
A filing with the Securities and Exchange commission showed Kirkhorn formally resigned from the Elon Musk-led company on Aug. 4, with Chief Accounting Officer Vaibhav Taneja sitting in as a replacement CFO.
Kirkhorn made his own announcement on his official LinkedIn profile.
“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,” he wrote Monday. “I also want to thank Elon for his leadership and optimism, which has inspired so many people.”
Tesla during the second quarter reported total revenue of $24.9 billion, a 47% improvement over year-ago levels. Free cash flow of $1 billion was 62% better than during the same period in 2022.
Total production of 479,000 vehicles represented an 86% increase from year-ago levels and deliveries were up 83% from this time last year.
Ostensibly to support affordability, Tesla in April cut the price for electric vehicles sold in the U.S. market for the second time, slashing the price of its Model Y sports utility vehicle and base Model 3.
The price cuts, which sent Tesla shares tumbling, came on the heels of the company falling shy of promised deliveries for several quarters. Tesla shares were down about 8% during mid-day trading on Monday.
In a move on Tesla’s vast network of charging stations, meanwhile, seven major automakers — from U.S.-based General Motors to South Korea’s Hyundai — announced plans to join forces on a nationwide network of 30,000 electric vehicle charging stations by 2030, with the first stations expected to open next summer.
The automakers hope to eliminate long-distance EV range anxiety due to what many drivers say is a shortage of vehicle charging sites.
