Money

Tesla’s ‘Master of Coin’ departs unexpectedly from Elon Musk’s Electric-Car firm

Published

2 years ago

August 8, 2023

ticker NEWS

In a surprising turn of events, Zachary Kirkhorn, Tesla’s Chief Finance Officer and often referred to as the ‘Master of Coin’, has resigned from his position.

This departure has left Tesla CEO Elon Musk without a potential successor to lead the electric car company.

The company announced that Vaibhav Taneja, the Chief Accounting Officer, will step into the role of CFO following the change. The decision was officially revealed in an SEC filing by the company on August 4.

The announcement had an immediate impact on Tesla’s stock, causing a 3.5% drop in share prices on the day of the news.

However, the stock managed to recover slightly, ending the day with a less than 1% decrease, closing at $251.45 per share.

The exact reasons behind Kirkhorn’s surprising departure from his role as CFO are not clear. This move comes just ahead of Tesla’s eagerly awaited launch of the Cybertruck later this year, adding to the uncertainty surrounding the company’s financial leadership.

Succession plan

Now there are questions about the succession plan for Elon Musk, who is 52 years old and holds leadership roles in SpaceX and the rebranded Twitter site, X. There were discussions among the board members about Kirkhorn’s potential as a successor to Musk as CEO, as reported by The Wall Street Journal in May.

Kirkhorn, who joined Tesla in 2010 at the age of 34, played a pivotal role in translating Musk’s vision for revolutionizing the car industry into reality.

Known for his calm demeanor, Kirkhorn balanced out Musk’s more volatile nature and was a prominent figure in interactions with analysts, frequently making presentations on strategic matters and products.

Thomas Martin, a senior portfolio manager at Globalt Investments and a Tesla investor, emphasized Kirkhorn’s ability to effectively mediate between Musk and other executives.

Money

How to position investments for 2026: Expert advice on market cycles

As 2026 begins, strategic investment positioning and understanding market cycles are crucial for navigating today’s evolving financial landscape.

Published

17 hours ago

January 14, 2026

Harvey Vargas

As 2026 begins, strategic investment positioning and understanding market cycles are crucial for navigating today’s evolving financial landscape.

As 2026 begins, investors are navigating an evolving market landscape. Experts stress that positioning your investments strategically is far more important than trying to predict market movements.

Key factors include focusing on quality companies, maintaining strong cash flow, and diversifying intelligently.

Dale Gillham from Wealth Within Group joins us to break down what defines a major market cycle and why understanding it can shape your investment approach. From identifying inflation-resilient businesses to selectively tapping into growth themes like AI, this discussion covers essential strategies for the year ahead.

We also explore the role of risk management, the importance of an exit strategy, and how emotional decision-making can impact your portfolio. For anyone looking to strengthen their investing education and skills, this episode offers actionable insights to gain an edge in 2026.

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#Investing2026 #MarketCycles #WealthManagement #AIInvesting #FinancialStrategy #RiskManagement #InvestmentTips #TickerNews

Money

Markets in 2026: Fed rates, gold surge, oil tensions & AUD strength

As 2026 begins, markets face economic shifts; gold and silver soar, while energy and currencies impact global investors.

Published

2 days ago

January 13, 2026

Harvey Vargas

As 2026 begins, markets face economic shifts; gold and silver soar, while energy and currencies impact global investors.

As 2026 begins, global markets face a mix of economic shifts and geopolitical tensions shaping currencies, commodities, and interest rates. The Federal Reserve’s next moves are under the microscope, and Zoran Kresovic from Blueberry Markets says understanding these changes is key for investors navigating the year ahead.

Gold and silver are hitting all-time highs, driven by market volatility and economic uncertainty. Kresovic notes that both metals are likely to continue climbing, remaining essential safe-haven assets amid inflation concerns.

Energy markets are also volatile, with crude oil prices rising amid geopolitical tensions. Meanwhile, the Australian dollar is showing strength against the U.S. dollar. Kresovic highlights that these trends in energy and currency markets can ripple across the global economy, making them critical for investors to watch.

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#MarketUpdate #FedRates2026 #GoldPrices #SilverSurge #CrudeOil #AUDUSD #InvestingInsights #TickerNews

Money

Stocks hit record high as Powell faces investigation and Trump proposes credit cap

S&P 500 hits all-time high amid Fed scrutiny; Trump’s credit card cap proposal raises investor concerns over bank profits.

Published

2 days ago

January 13, 2026

Harvey Vargas

S&P 500 hits all-time high amid Fed scrutiny; Trump’s credit card cap proposal raises investor concerns over bank profits.

The S&P 500 reached a new all-time high, with the Nasdaq climbing 0.5% while the Dow Jones held steady. This comes amid news of a criminal investigation into Federal Reserve Chair Jerome Powell. Despite the scrutiny, analysts believe short-term interest rates and inflation are unlikely to be impacted.

Meanwhile, Trump’s proposal to cap credit card rates at 10% for a year sparked concern among investors about potential effects on lending and bank profitability. Major bank stocks reacted sharply, with Citigroup down 3% and Capital One falling 6%.

In commodities, gold futures rose 2%, reflecting fears that political pressure on the Fed could challenge its ability to manage inflation effectively.

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#StockMarket #SP500 #Nasdaq #FederalReserve #JeromePowell #TrumpNews #BankStocks #GoldFutures