Musk says Tesla CFO Deepak Ahuja is leaving the company

Daniel Acker | Bloomberg | Getty Images

Deepak Ahuja, Tesla CFO (left) and Elon Musk, Tesla founder and CEO (right), at the Nasdaq opening bell ceremony for the Tesla initial public offering on Tuesday, June 29, 2010.

Tesla’s long-time chief financial officer, Deepak Ahuja, is retiring from the company after almost 11 years, CEO Elon Musk said Wednesday.

It’s the second time Ahuja has resigned from the company. He first left the company in 2015 before rejoining Tesla in 2017.

Moving into the CFO role at the electric vehicle maker is Zach Kirkhorn, previously the company’s vice president of finance. Ahuja said, “I feel really good about Zach taking over. He’s proven his self over the years with many tough challenges he’s worked on.”

Kirkhorn said, “I’ve been deep in the operations of every major program of the company from Roadster to…scaling our energy business and more things to come. I feel we’re starting 2019 with a very strong financial foundation. We have enough cash to start new programs and develop new technologies.” Prior to his joining Tesla in 2010, Kirkhorn was formerly a business analyst at McKinsey & Co.

Ahuja first joined Tesla as CFO at the worst possible time: July 2008.

This story is developing. Check back for updates.