Tag TSLA

He joined the ranks of Tesla executives in 2019 at age 34, surprising analysts at the time...

Lucid revenue and earnings missed, but cash balance and liquidity were positives. Lucid maintained its production target...

Luxury electric vehicle maker Lucid Group stuck to its annual production target after it missed quarterly revenue estimates, sending its shares higher by about 4% in extended trading. Lucid's deliveries in the second quarter were unchanged from the prior three months at 1,404 units, while its production fell 6% from the first quarter as it struggled to ramp up. Electric vehicle makers have been battling supply chain challenges to ramp up production...

Luxury electric vehicle maker Lucid Group missed estimates for quarterly revenue on Monday as it took a hit on sales from a price war sparked by market leader Tesla. Lucid's deliveries in the second quarter were unchanged from the prior three months at 1,404 units, while its production fell 6% from the first quarter as it struggled to ramp up. Competition from Tesla's Model S, whose prices were cut earlier this year, and rising borrowing costs have posed a threat to the EV firm's growth...

Kirkhorn had been seen as a possible successor to Elon Musk as CEO. Tesla said Chief Accounting Officer Vaibhav Taneja had been appointed as CFO...

Tesla Chief Financial Officer Zachary Kirkhorn stepped down last week and has been replaced by Vaibhav Taneja, the company announced in an SEC filing...

Jon and Pete Najarian join forces to discuss and debate their favorite topics, including the hottest stock-specific news and sports!...

Zack Kirkhorn, one of Elon Musk’s closest lieutenants at Tesla, has stepped down unexpectedly as chief financial officer as the electric-car maker grapples with cutting costs and defending its profit margins following a spate of price-cuts. The departure follows a rare period of stability in Tesla’s senior ranks, which in the past have been through periods of rapid turnover. Kirkhorn, a 13-year Tesla finance veteran, took the reins as CFO four years ago and has since presided over a turnaround in the company’s finances, with its annual free cash flow increasing from roughly break-even when he took over to more than $7bn last year...

Premium in-car features include Full Self-Driving and heated seats...