Exactly. Since CFOs are in charge of the numbers and can be legally on the hook for them [1], their departure always gets people to perk up a bit. Even if there isn't crime involved, when they guy who knows the financials best decides he'd rather be elsewhere, it can be a sign that there's a coming plateau or downturn.
That's especially interesting in the case of Tesla, whose stock is down something like 40% from peak, and who is facing increasingly stiff competition from basically every automaker in the world.
The vast majority of the time it’s a big deal, which makes it newsworthy. As well, any well run company would announce at least a few quarters in advance that the CFO is leaving.
They don’t abruptly quit or get fired after 13 years without something brewing
wpietri|2 years ago
That's especially interesting in the case of Tesla, whose stock is down something like 40% from peak, and who is facing increasingly stiff competition from basically every automaker in the world.
[1] e.g., "fraud by negligence": https://www.reuters.com/business/sec-charges-smart-window-ma...
andreygrehov|2 years ago
cududa|2 years ago
They don’t abruptly quit or get fired after 13 years without something brewing
asdfman123|2 years ago
panick21_|2 years ago
Kranar|2 years ago
nlowell|2 years ago
unknown|2 years ago
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conductr|2 years ago
mtmail|2 years ago