Tesla's Q3 10-Q reveals CFO Zach Kirkhorn was fired. It also made Kirkhorn reveal any whistleblower efforts, threatened him if he talks—then declare Tesla broke no laws. Is Tesla setting up ex-CFO?
Great article! I'm curious: what do you make of Kirkhorn selling $2m worth of TSLA stock right before he got fired; $1m of which he sold the day before his firing was announced?
Right! Thanks! I forgot about that! Should have included in my report.
Anyway, I doubt Kirkhorn was caught unaware and he would have known that his leaving could affect the stock. If so, knowing this and selling anyway—risking an SEC probe—implies to me that he decided he had to raise a lot of cash quick for...reasons. Not surprising that he would be stock-rich and cash poor, and wouldn't be surprising if he is caught up in the burgeoning legal jeopardy for Tesla and its officers, especially Musk, which seems to be coming to a head with potential criminal charges. And what is Tesla trying to do about it? Looks like: Blame it all on the CFO.
Great article! I'm curious: what do you make of Kirkhorn selling $2m worth of TSLA stock right before he got fired; $1m of which he sold the day before his firing was announced?
https://www.benzinga.com/news/23/08/33673010/tesla-cfo-zachary-kirkhorn-sold-shares-days-before-stepping-down-new-cfo-also-sold-shares-prior-to-t
Right! Thanks! I forgot about that! Should have included in my report.
Anyway, I doubt Kirkhorn was caught unaware and he would have known that his leaving could affect the stock. If so, knowing this and selling anyway—risking an SEC probe—implies to me that he decided he had to raise a lot of cash quick for...reasons. Not surprising that he would be stock-rich and cash poor, and wouldn't be surprising if he is caught up in the burgeoning legal jeopardy for Tesla and its officers, especially Musk, which seems to be coming to a head with potential criminal charges. And what is Tesla trying to do about it? Looks like: Blame it all on the CFO.