• News

Tesla (TSLA) CFO Zach Kirkhorn steps down, will stay on through end of 2023

Vaibhav Taneja will succeed Zach Kirkhorn as CFO next year.

Donovan Erskine

August 7, 2023 9:35 AM

Tesla

1

Over the weekend, there was a bit of a shakeup in Tesla’s leadership as the company announced Zach Kirkhorn would be stepping down as CEO after just four years in the role. The current plan is for Kirkhorn to maintain the role throughout the remainder of the year before being succeeded by Vaibhav Taneja.

Tesla made the announcement in an official filing to the United States Securities and Exchange Commission on August 4, 2023. Vaibhav Taneja, who currently serves as the company’s chief accounting officer, will become CFO in 2024. Kirkhorn stepped into Tesla’s CFO role just four years ago when he succeeded Deepak Ahuja. However, Kirkhorn has been with Tesla since 2010. He spoke about his time at the company in a new LinkedIn post.

Tesla (TSLA) stock dropped over the weekend following the news of Zach Kirkhorn’s upcoming departure. While it ended Friday at $253.86, shares were trading as low as $243.95 since the announcement was made.

I would like to thank Zach Kirkhorn for his many contributions to Tesla over the course of 13 often difficult years.

Much appreciated and best wishes for the next stage of his career.

— Elon Musk (@elonmusk) August 7, 2023

Last month, we learned that Tesla had been having discussions about opening a factory in India, where it would manufacture a new vehicle priced at $24,000. Stick with Shacknews as we follow the latest business happenings at Tesla.

Donovan Erskine

News Editor

Donovan is a young journalist from Maryland, who likes to game. His oldest gaming memory is playing Pajama Sam on his mom's desktop during weekends. Pokémon Emerald, Halo 2, and the original Star Wars Battlefront 2 were some of the most influential titles in awakening his love for video games. After interning for Shacknews throughout college, Donovan graduated from Bowie State University in 2020 with a major in broadcast journalism and joined the team full-time. He is a huge Scream nerd and film fanatic that will talk with you about movies and games all day. You can follow him on twitter @Donimals_