Yes, Kirkhorn "will continue to serve Tesla through the end of the year to support a seamless transition", but this reads as a rush notice.
His IR page is also gone:
I don't own any $TSLA (or one of their cars), but this is like the opposite of a rush notice. Heck, he will continue working for Tesla for almost half the year. Seems like typical HN "everything Elon does is bad" bandwagoning.
I mean, just earlier today the HP CFO resigned[1] and was replaced immediately.
[1] https://finance.yahoo.com/news/hewlett-packard-enterprise-cf...
(Objectively.)
To be fair, I am actually still annoyed about the whole x.com thing. They closed my account when they sold to Paypal 23 years ago now. Now it is just some message board.
Musk has never built a car or a rocket. He raises money and hypes things. He is not a builder. Hell, he tried to get Paypal to switch to Windows because he doesn't even understand Linux.
Well that's in the the declaration
HP is obviously misfiring so the CFO should be turning over based on historical data so its decidedly not newsworthy.
Tesla on the other hand is supposedly firing on all cylinders, so its abnormal for the CFO to exit just before what's expected to be hockey stick profitability given the heavy stock based compensation.
HP P/E is 12x. Tesla P/E is 70x. Tesla at HP's multiple would be a $40 stock.
Perhaps nobody cares about HPE either, but at least get your facts right.
Learn to read between the lines. Remember how their director of AI, Karpathy, went on a sabbatical? That was also a lie.
I don't think that's a big deal, but apparently people commenting here think a CFO departing is some kind of major signal of something. At any rate, it's at least worth knowing quantitatively that this happens once every 4 years or so.
there are any number of things that might cause one to make such a transition, many of which having nothing to do with the company being departed. and, yes, many that do.
it could be because he’s going to be 40 not all that long from now, perhaps a midlife crisis, or an attempt to avert one. or maybe he discovered his true passion in life, basket weaving. (mid-life crisis? mid-life catharsis!)
maybe musk didn’t like his dinner choice. maybe zach laughed when musk said he’d beat zuck in that fight. maybe he failed to laugh at the right time.
right now? who knows.
but a cfo departure with a few months of wind down isn’t conclusive of much more than the cfo leaving and providing a few months of transition time to their successor and the company.
Then again, maybe he wants less stressful opportunities. I'm sure there are plenty of those.