You’re reading Electrek— experts who break news about Tesla, electric vehicles, and green energy, day after day. Be sure to check out our homepage for all the latest news, and follow Electrek on Twitter, Facebook, and LinkedIn to stay in the loop. Don’t know where to start? Check out our YouTube channel for the latest reviews.

After market close today, Tesla confirmed that its Chief Accounting Officer left the company earlier this week.

The automaker says that it was for personal reasons.

They wrote in a SEC filing released today:

“On March 7, 2018, Eric Branderiz left Tesla for personal reasons. Tesla appreciates Eric’s service to the company.”

In 2016, Tesla’s top accounting controller, Michael Zanoni, left to become Vice President of Finance at Amazon.

A few months later, Tesla hired Branderiz from Sunpower where he was Senior Vice President Corporate Controller and Chief Accounting Officer.

Tesla didn’t have a position of Chief Accounting Officer and created one when hiring Branderiz.

Over the last three days before he left Tesla, Branderiz received 1,201 Tesla stock options worth close to $400,000 and sold 1,088 shares worth $359,363. He still had 1,386 shares of Tesla worth $456,132 when leaving.

The automaker’s stock was down over 1% in after-hours trading after making the announcement of Branderiz’s departure.

They didn’t announce any replacement for the top corporate controller position.

FTC: We use income earning auto affiliate links. More.


Subscribe to Electrek on YouTube for exclusive videos and subscribe to the podcast.

About the Author