Was Zach Kirkhorn Fired From Tesla? Analyst Says 'Highly Likely' Based On This 'Nugget' From SEC Filing
Portfolio Pulse from Shanthi Rexaline
Tesla's former CFO Zachary Kirkhorn may have been fired rather than resigned, according to Future Fund Managing Partner and Tesla investor Gary Black. This speculation is based on a severance agreement found in Tesla's third-quarter earnings report. The severance agreement suggests termination rather than resignation. The reason for the potential firing could be disagreement on pricing philosophy, as Tesla has been aggressively cutting prices, leading to margin erosion and a double miss in the third quarter.
October 24, 2023 | 11:52 am
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Speculation about the firing of former CFO Zachary Kirkhorn could potentially impact investor sentiment towards Tesla. The potential disagreement on pricing philosophy could raise concerns about the company's strategy.
The news about the potential firing of Tesla's former CFO could raise questions about the company's internal dynamics and decision-making process. This could potentially impact investor sentiment. However, the actual impact on the stock price is uncertain as it could be offset by other factors such as overall market conditions and Tesla's performance.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 100