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The Markets
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Manufacturing & engineering

Tesla shares fall after electric car firm says chief accounting officer left the company for personal reasons

The Nasdaq-listed firm said Eric Branderiz, who also served as its corporate controller, left for personal reasons on Wednesday, according to a regulatory filing on Thursday

Tesla Inc. (NASDAQ:TSLA) shares fell in pre-market trading after news that the electric car maker’s chief accounting officer has left the company, the latest in a string of management departures.

The Nasdaq-listed firm said Eric Branderiz, who also served as its corporate controller, left for personal reasons on Wednesday, according to a regulatory filing on Thursday.

READ: Elon Musk set for multi-billion dollar payday if Tesla hits various milestones over next decade

Branderiz’s exit follows a spate of high-level management departures including Jon McNeill, president of global sales and service; Diarmuid O’Connell, vice president of business development; and Kurt Kelty, director of battery technology.

The group’s chief financial officer Jason Wheeler also left last year.

Tesla’s chief executive officer, Elon Musk faces a shareholder vote next month on an equity award valued at US$2.6bn aimed at keeping him with the company for the long term.

In mid-morning trading in New York, Tesla shares were down 1.2% at US$325.04.

-- Updates share price --

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