Another Tesla CAO Resigns, Cites Pressure

Tesla Inc.’s Chief Accounting Officer, Dave Morton, said that he resigns a month after the appointment. “I joined Tesla on August 6, but the level of public attention to the company, as well as the pace within the company, exceeded my expectations,” Morton said as quoted by Bloomberg.

Dave Morton stressed that the high load is the only reason he decided to leave the post. “I want to be clear that I believe strongly in Tesla, its mission and its future prospects, and I have no disagreements with Tesla’s leadership or its financial reporting,” Morton said.

Tesla announced Morton’s appointment on July 30. Prior to that, he had worked in Seagate Technology (Hard Drive and Storage Solutions) since 1995, where he held the posts of Executive Vice President and Chief Financial Officer.

Also on Friday, the head of the human resources department Gaby Toledano reported on her departure from Tesla. She worked for the company in May 2017. In August, Toledano went on vacation, after which she decided to quit.

Against the backdrop of the dismissal of two managerial officers, Tesla shares on NASDAQ fell more than 9% and quoted $ 254 (-9.58%) at some point.




Leave a Reply

Your email address will not be published. Required fields are marked *