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Tesla’s Chief Financial Officer and ‘Master of Coin’ is leaving the corporation.

Former Tesla CFO and self-proclaimed “Master of Coin” Zachary Kirkhorn has resigned after four years and six months on the job.

According to his LinkedIn page, Kirkhorn started at Tesla as a senior finance analyst in 2005 and is now the company’s chief financial officer in 2019. Kirkhorn was promoted to Master of Coin in a March 2021 SEC filing, while Elon Musk became the “Technoking.” However, the more mundane positions of Chief Financial Officer and Chief Executive Officer were maintained, as stated in the filing. Despite their being no official explanation, the title changes occurred shortly after Tesla invested $1.5 billion in bitcoin.

Vaibhav Taneja, previously Tesla’s CFO and controller, has been promoted to chief financial officer. Whether Taneja will also assume the title of “Master of Coin” or whether it will be retired is yet unknown. It was never explained why Kirkhorn decided to leave. As is typical for Tesla, the company did not address media inquiries regarding the personnel shift or the new positions.

In 2016, the year Tesla acquired Solar City, an Elon Musk-controlled solar energy startup, Taneja began working there as vice president of accounting operations. According to his LinkedIn page, he worked as Tesla’s assistant corporate controller the next year. In 2019, he was promoted to the position of CFO.

According to the SEC filing, Kirkhorn will remain employed by the company until the end of the year in order to aid with the transition. Earnings per share for Tesla’s second quarter came in at 91 cents, up 20% year over year and ahead of consensus projections. Even while Tesla’s profit margins were higher than predicted, they were lower than the previous year due to lower vehicle prices.

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