Tesla's stock has surged more than 100% year-to-date, increasing its market cap to roughly $800 billion. This surge has been driven by aggressive price cuts, an AI-fueled tech boom, and standout deals with GM and Ford. Following Kirkhorn's departure, Tesla's chief accounting officer, Vaibhav Taneja, will step into his role.
Key takeaways:
- Zachary Kirkhorn, Tesla's chief financial officer, is leaving the company with a net worth of $590 million, largely due to the value of his Tesla shares and options.
- Despite owning less than 1% of Tesla's common stock, Kirkhorn earned about $16.3 million in stock awards in 2022, and was awarded almost $1.3 million in options.
- Tesla's stock has surged more than 100% year-to-date, boosting its market cap to roughly $800 billion, largely due to aggressive price cuts and an AI-fueled tech boom.
- Vaibhav Taneja, Tesla's chief accounting officer, will step into Kirkhorn's role following his exit.