Tesla's CFO, Zach Kirkhorn, has stepped down from his position, effective Aug. 4. Vaibhav Taneja, the chief accounting officer, has been appointed as the new CFO and will hold both roles concurrently. Kirkhorn will assist in the transition until the end of the year. This is the second CFO replacement at Tesla in just over four years. Taneja has been with Tesla since 2017 and previously worked at SolarCity and PwC. Tesla's shares were trading down about 2.5% on the news.

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