Hey everybody, we're up and we're here. Welcome back to Tesla Daily. Today we are of

course going to be talking about the news that Zach Kirkorn is going to be stepping

down as Tesla's CFO. I'll share my thoughts on that. And then we do also have an interesting

update from Pepsi on their experience so far with the Tesla semi and a few other items as

well.

Quickly looking at the stock, not too bad of a day, I don't think all things considered

Tesla down about 1% to $251.45 while the Nasdaq was up 6% of a percent. So a little bit

of a recovery throughout the day following Tesla's 8K disclosure this morning about Zach

Kirkorn.

So let's take a look at that. Tesla and the filing saying that as of August 4th, Mr.

Kirkorn stepped down after a 13-year tenure with the company the last four years of

which he served as Master of Coin and Chief Financial Officer. Tesla thanks Mr. Kirkorn

for his significant contributions. Mr. Kirkorn will continue to serve Tesla through the

end of the year to support a seamless transition. Tesla has then also announced the appointment

of Veibav Tanija, their current Chief Accounting Officer to succeed Zach as CFO. Tanija has

been with Tesla since 2017 and was briefly with Solar City immediately prior to that and

he has been the Chief Accounting Officer since 2019. Although not listed in this announcement,

he is also one of the directors listed for Tesla in India. Obviously the Chief Accounting

role has been a little bit less public facing but will look forward to hearing more from

him in the future. But looking at Zach, he did post an update today on his LinkedIn profile.

Said quote, this morning Tesla announced that I've stepped down from my role as Chief Financial

Officer, succeeded by our Chief Accounting Officer, Veibav Tanija, being a part of this

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