Tag TSLA
Shares of Tesla are down in afternoon trading after Elon Musk's electric-vehicle company said [its chief financial officer stepped down](https://www.wsj.com/articles/tesla-finance-chief-zach-kirkhorn-steps-down-44e00ad). Zachary Kirkhorn stepped down after a 13-year tenure with the company, Tesla said in a regulatory filing. Shares of Tesla were down almost 3%...
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Master of the House... that song from Les Miserables was running through my head this morning as I read that Tesla's Master of Coin, aka CFO Zach Kirkhorn, had announced his departure from Tesla, effective at year-end. Of course, despite having been subjected to viewing Les Mis on Broadway, I really only know that song because it was featured in a Seinfeld episode, memorably by Elaine's dad, played by the gruff Lawrence Tierney of Reservoir Dogs fame. To be fair, Tesla shares are falling today on a slightly green day for the Nasdaq, but, really, I think we need to get to the bottom of this...
Continue ReadingZachary Kirkhorn, who some watchers of the EV company have said could take on an expanded role if CEO Elon Musk wanted to do less, is stepping down...
Continue ReadingThe S&P 500 and Nasdaq just experienced their worst weekly performances since March, with the Nasdaq down 2.9% and the S&P 500 falling 2.3%. Read more here...
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So far, six of the "magnificent seven" tech companies have reported their quarterly results: Apple (AAPL), Alphabet (GOOGL), Amazon (AMZN), Meta (META), Microsoft (MSFT), and Tesla (TSLA). Nvidia (NVDA) will report on August 23, after the market close. Synovus Trust Senior Portfolio Manager Daniel Morgan says he was "very pleased" with results so far, despite a low-bar being set for companies this quarter. Morgan, for example, points to online ad spend rates numbers from Meta and Google being better than expected. Morgan describes Microsoft and Apple's reports as "muted," saying the companies reported "good numbers, they weren't bad numbers, but they didn't beat hugely on the upside and didn't create a catalyst or surprise," like with Google, Meta, and Amazon. Some of the companies Morgan says he will be watching for results from are Cisco (CSCO) on August 16, Snowflake (SNOW) on August 23, Applied Materials (AMAT) on August 17, and Salesforce (CRM), which has yet to announce its earnings release date...
Continue ReadingTesla’s 39-year-old chief financial officer has left the company with a $170m (£130m) fortune after just four years in the post...
Continue ReadingMore than Lucid earnings, commentary around the new price cuts will matter, along with available cash and production targets...
Continue ReadingTesla's chief financial officer (CFO) Zach Kirkhorn had helped transform the automaker into a financial powerhouse since 2019. He has stepped down from his position effective Aug. 4...
Continue ReadingOne of this year's stock market stars is losing its allure. The tech-heavy Nasdaq Composite has fallen for five consecutive trading sessions—the longest losing streak since October. Tesla and Apple are weighing on the index to kick off the week...
Continue ReadingHe was, at one time, considered a possible successor to Elon Musk. But just four years ago, Elon Musk surprised analysts by saying "Zach" was the new CFO...
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