The CFO is the chief financial officer, the lead accountant of a company. An unexpected departure like this can be a bad sign, depending on why Zach here decided to step down.
I hope it crumbles
I do hope that the “fraud” theory turns out correct. In which case, the books have been cooked for years… Tesla went through ~3 CFOs in a short time period before settling upon a young 30-something year old Zach here. That’s alarmingly suspect.
We all know that fraud can take years before it surfaces. If Zach willingly cooked the books (or unknowingly cooked the books: since he’s young and inexperienced he may have not noticed what was going on… and blamed it on earlier CFOs or something), then we’re talking ~2019 when the finances started to change with Zach’s new position.
It very well could be at the point where its impossible to hide the fraud, so Zach is calling it quits.
At least, this is my “jackpot” hope. Effectively, Tesla started to crumble years ago, but you can fake the books for years (especially if banks believe your cooked books and give you new loans). It inevitably falls apart, but it takes a surprising amount of time to do so.
I’ve never heard this fraud stuff but Elon is a fuck and the company have been very complacent with him and his disgusting personality.
He also worked against green technologies like the super fast rail.
Its just a theory. There’s no proof (and won’t be proof until its too late to do anything about it). But changing CFOs like this is very suspect.
Hacker News comments on this story: https://news.ycombinator.com/item?id=37041213
Another CFO out the door. But did Kirkhorn last the longest of all the CFOs?
Longest one that I could remember at least.
I do wonder how much Zach was part of the DOGEcoin grift.
