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by wpietri
1052 days ago
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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. [1] e.g., "fraud by negligence": https://www.reuters.com/business/sec-charges-smart-window-ma... |
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