Zachary Kirkhorn

Tesla Chief Financial Officer Zachary Kirkhorn stepped down after 13 years at the electric-vehicle maker, a surprise shakeup that raises new questions about succession in the top ranks of Elon Musk's company.

Tesla's finance chief Zachary Kirkhorn has stepped down after four years in the role, the world's most valuable automaker said and named accounting head Vaibhav Taneja in his place, sending shares down more than 3 percent on Monday. During his tenure, Tesla posted its first quarterly profit after it launched the mass-market Model 3 compact sedan.

Elon Musk-led electric carmaker Tesla on Monday named 45-year-old Indian-origin, accounting head Vaibhav Taneja as its Chief Financial Officer (CFO).

Indian-origin Vaibhav Taneja has been named Tesla's new Chief Financial Officer as the previous finance chief Zachary Kirkhorn announced his decision to step down, the automaker said in a company filing on Monday.

Tesla Inc. is widely expected to report its sixth consecutive quarterly profit Wednesday -- and potentially its first $1-billion quarter. That follows a remarkable year when Tesla's stock split and skyrocketed, the company joined the S&P 500 Index and it sold almost half a million cars.

Tesla Chief Financial Officer Zachary Kirkhorn stepped down after 13 years at the electric-vehicle maker, a surprise shakeup that raises new questions about succession in the top ranks of Elon Musk's company.

Tesla's finance chief Zachary Kirkhorn has stepped down after four years in the role, the world's most valuable automaker said and named accounting head Vaibhav Taneja in his place, sending shares down more than 3 percent on Monday. During his tenure, Tesla posted its first quarterly profit after it launched the mass-market Model 3 compact sedan.

Elon Musk-led electric carmaker Tesla on Monday named 45-year-old Indian-origin, accounting head Vaibhav Taneja as its Chief Financial Officer (CFO).

Indian-origin Vaibhav Taneja has been named Tesla's new Chief Financial Officer as the previous finance chief Zachary Kirkhorn announced his decision to step down, the automaker said in a company filing on Monday.

Tesla Inc. is widely expected to report its sixth consecutive quarterly profit Wednesday -- and potentially its first $1-billion quarter. That follows a remarkable year when Tesla's stock split and skyrocketed, the company joined the S&P 500 Index and it sold almost half a million cars.