The chapter discusses the sudden resignation of Tesla's CFO, Zach Kirkhorn, and the appointment of an internal candidate as his replacement. It highlights Kirkhorn's significant contributions to the company, including leading Tesla to profitability and expanding margins. The chapter also mentions the unusual situation of the new CFO also serving as the chief accounting officer and raises concerns about a potential conflict of interest.
Bloomberg Intelligence Senior Analyst for US Regional Banks Herman Chan discusses US bank stocks declining on Tuesday after Moody’s Investors Service lowered its ratings for 10 small and midsize lenders. Bloomberg News Senior Technology Reporter Dana Hull talks about how Tesla’s new CFO now has two jobs and a lot of question marks. Kweilin Ellingrud, Director and Senior Partner at McKinsey Global Institute, shares the details on a report about Generative AI and the future of work in America. And we Drive to the Close with Sam Stovall, Chief Investment Strategist at CFRA.
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