On Tuesday, Tesla Motors reported a wider losses than expected, sending its stock price down. Then, in after-hours trading, the stock bounced back. That could be because the company, on its earnings call, announced two key personnel moves, including a new chief financial officer.
Tesla Names Google Finance Vet as New CFO
The 13-year Google vet joins the electric carmaker.
Tesla
Jason Wheeler, a finance VP at Google, will become Tesla’s CFO at the end of the month. And Jon McNeill, former CEO of the software company Enservio, joins as president of global sales and service.
Wheeler spent 13 years on the finance team at Google, working on its acquisition and sale of Motorola as well as several parts of the search giant’s byzantine accounting and tax operations. At Tesla, he replaces outgoing CFO Deepak Ahuja, who announced his retirement earlier this year.
Here’s Wheeler in a statement: “What the Tesla team has achieved in building compelling alternatives in transport and energy is simply incredible. I am so excited to join an amazing team dedicated to such a broad and inspiring mission. Looking forward to jumping into the fast lane.”
With its third-quarter earnings today, Tesla reported a loss of 58 cents per share and $1.24 billion in revenue. Analysts were expecting $1.26 billion in revenue and a loss of 50 cents a share. Its stock was up 9.53 percent in after-hours trading.
This article originally appeared on Recode.net.
