Tesla chief Accountant quit

Intuit AbigSum
Sep 8, 2018 21 Comments

Apologizes if this has already been posted.

Yesterday I read Tesla’s chief Accounting officer quit. After a month on the job I believe.

This is EXTREMELY bad news. I talked to CPA friends, and as part of their liscencing, a CPA is trained to escalate issues, including Accounting irregularities up the chain of a companies management, the action of last resort is to quit. They were only on the job one month.

The day the chief accountant quits, Musk “happens” to go on a talk show and smoke pot. I think everyone gets the point I am making. Go read up on the news if you are invested in Tesla and missed the story

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TOP 21 Comments
  • Saltchuk / Other |0oOo0|
    People quit their jobs all the time. He probably got a better offer somewhere else.
    Sep 8, 2018 1
    • Intuit AbigSum
      OP
      Anything is possible but I don’t think that is likely. One month into the role why leave? The role itself makes you give it more scrutiny
      Sep 8, 2018
  • AppDynamics ChowMein
    Got from my friend in Tesla - He was not cultural fit and saw the writing on the wall
    Sep 8, 2018 4
    • Uber / Other TCor?
      After only a month?!
      Sep 8, 2018
    • AppDynamics ChowMein
      He may have had other offers as well
      Sep 8, 2018
    • Intuit AbigSum
      OP
      Thanks for sharing. The timing of him and head of HR on the same day made me deeply suspicious.
      Sep 8, 2018
    • Oath Hjadh2as
      Head of HR was already on leave, everyone knew she would not return
      Sep 8, 2018
  • Tesla fremonster
    You sound so sophomoric but I just finished a bottle of Pinot so I’ll engage.

    Dave Morton was a false positive. He is a PoS who was on the job market and had two offers. Google him right now - he already accepted the CFO role at a startup. Those C-level hirings take months to happen. They don’t happen within 2 weeks. Don’t ask me how I know.

    Did you even listen to the podcast? It’s 2 hours of 2 guys shooting the shit. Pretty informative actually. And he took one pitiful puff lasting 3 seconds.. It was a travesty honestly, if you’ve ever smoked pot. What. Is. The. Big. Fucking. Deal.

    Rant over. Your CPA friends are probably sophomores too.
    Sep 8, 2018 4
    • GE / Eng
      weakPtr

      GE Eng

      PRE
      General Electric
      weakPtrmore
      I'm assuming that Tesla employees compensations have a large RSU component to them.

      How do you feel about Musk making careless statements that have a direct impact on the value of your RSUs? He makes crazy accusations about a rescue diver being a pedo, taking Tesla private and takes a hit from a joint on video and the stock starts taking a dive.
      Does this bother you and your co-workers at all? Or do you guys appreciate Musk's candor and refusal to play the "wallstreet game"?

      Honestly, the optics are pretty bad..but maybe Musk doesn't give a fuck and neither do the Tesla employees (Which is actually pretty admirable, that means you have a workforce that truly believes in the mission and they aren't there just for a big payday)
      Sep 9, 2018
    • Tesla fremonster
      I got over the RSU fluctuations after a month. It’s musk’s company, nothing is traditional about it. Of course some hate the wild swings. They’re welcome to look for jobs elsewhere - it’s Silicon Valley and it shouldn’t be so hard.

      What’s happening inside Tesla and outside public perception haven’t been more at odds. The stocks become a casualty of that difference in the short term.. It will be okay in the long term.
      Sep 9, 2018
    • Intuit AbigSum
      OP
      My point about the pot was that it was intended to distract away from the firing. Hope your rant made you feel better.
      Sep 11, 2018
    • Tesla fremonster
      Glad you were distracted.
      Sep 11, 2018
  • Facebook ⛽️🚧
    He probably got his equity priced in the high $300s, meaning he was so far under water that he might as well cut his losses now.
    Sep 9, 2018 1
    • AppDynamics ChowMein
      Nope - equity to leaders are given as rsu and eventually they are compensated to match the market . So it was not about equity . He got a better job else where where he was in control
      Sep 9, 2018
  • AppDynamics ChowMein
    Tesla wud make lots of money. The way to look is - all the issue with company can be fixed ? Is product unique . Does it sell like hot cakes ? I remover how people reacted to iPhone bugs in 2008-2009 time frame and how much stock rallied , this is temp feat . Soon it wud rally to 330 range .
    Sep 8, 2018 0
  • Research Now / Eng Shinzaemon
    Tesla is about to go belly up unless someone buys them soon.
    Sep 8, 2018 0
  • Uber / Other HassanChop
    The only thing I thought about the podcast was that he looked wiped out when it started. Red eyes, pale and drained. Got better over time but was still a bit odd.
    Sep 8, 2018 1
    • Amazon Ehdoubleus
      He was turnt before it started
      Sep 9, 2018
  • AppDynamics ChowMein
    Only hard working 15 hours 7 days a week employee wud get it . Musk is hard working
    Genius and world doesn’t get him
    Sep 8, 2018 0
  • Uber LeftKnox
    Super bizarre situation. What is happening there?
    Sep 8, 2018 0
  • Uber / Other TCor?
    This is interesting. Are there similar rules for a CFO?
    Sep 8, 2018 0