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Search resuls for: "Lora Kolodny Rohan Goswami"


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☆ Tesla CFO Zach Kirkhorn steps down
  + stars: | 2023-08-07 | by ( Lora Kolodny Rohan Goswami | Lora Kolodny | Rohan Goswami | ) www.cnbc.com   time to read: +1 min
Tesla 's chief financial officer, Zach Kirkhorn, stepped down from his position effective Friday, the automaker announced Monday morning in a regulatory filing. Tesla's chief accounting officer Vaibhav Taneja was appointed as the new CFO and will hold both roles concurrently. Kirkhorn will stay on with Tesla through the end of the year to assist in the transition, according to a Securities and Exchange Commission filing. Kirkhorn had served as CFO since March 2019 and had worked for Tesla since 2010. Kirkhorn's departure marks the second CFO replacement at Tesla in just over four years.
Persons: Tesla, Zach Kirkhorn, Vaibhav Taneja, Kirkhorn, Deepak Ahuja, Vaibhav, Taneja Organizations: Tesla, Securities and Exchange Commission, LinkedIn, SolarCity
☆ Jury find Musk, Tesla not liable in securities fraud trial following 'funding secured' tweets
  + stars: | 2023-02-03 | by ( Lora Kolodny Rohan Goswami | Lora Kolodny | Rohan Goswami | ) www.cnbc.com   time to read: +2 min
Elon Musk and Tesla were found not liable by a jury in a San Francisco federal court on Friday in a class action securities fraud trial stemming from tweets Musk made in 2018. The Tesla , SpaceX and Twitter CEO was sued by Tesla shareholders over a series of tweets he wrote in Aug. 2018 saying he had "funding secured" to take the automaker private for $420 per share, and that "investor support" for such a deal was "confirmed." Trading in Tesla was halted after his tweets, and its share price remained volatile for weeks. "I am deeply appreciative of the jury's unanimous finding," Musk wrote on Twitter. During the course of this trial, Musk also said he would have sold shares of SpaceX to finance a going private deal for Tesla, as well as taking funds from the Saudi Public Investment Fund.
☆ Tesla shares slide nearly 9% on demand concerns, Elon Musk's Twitter distraction
  + stars: | 2022-12-22 | by ( Lora Kolodny Rohan Goswami | Lora Kolodny | Rohan Goswami | ) www.cnbc.com   time to read: +2 min
"Elon Musk is doing Elon Musk things," Canaccord's George Gianarikas wrote. Shares in electric vehicle maker Tesla slid by around 9% in mid-day trading on Thursday as analysts grow increasingly uncertain of the company's outlook. The price cuts on Tesla's Model 3 sedan and Model Y crossover are seen as a sign of weakening demand. Buyers of Tesla, and other electric vehicles made in the U.S., will likely qualify for a $7,500 incentive starting in January stemming from Biden's Inflation Reduction Act. Musk took Twitter private in a $44 billion deal that closed at the end of October, selling off around $23 billion in Tesla shares to finance the deal.
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