neroden
Model S Owner and Frustrated Tesla Fan
Don't spread lies. "Liesetter". You're reported (for malicious libel) and blocked now.Accounting Irregularities detected by CFO that was in place for only 1 month. He resigned in written formal letter to the Board on Tuesday. 8K filed today.
If the acocunting irregularties are too high - Tesla will need to fill for Chapter 11 - Bankruptcy. TESLAQ is not that far away anymore after this news. I am wondering what the irregularities are - but they have to be significant if he is resigning immediately.
I just read the 8-K and this is Morton's statement:
"Since I joined Tesla on August 6th, the level of public attention placed on the company, as well as the pace within the company, have exceeded my expectations. As a result, this caused me to reconsider my future. I want to be clear that I believe strongly in Tesla, its mission, and its future prospects, and I have no disagreements with Tesla's leadership or its financial reporting."
So Morton blames two things:
1 -- the nasty media spotlight and disinformation campaign. Morton doesn't want his every action twisted in the media the way Musk's every action is twisted. This unfortunately could actually be making it harder to hire people at Tesla.
2 -- the culture of overwork at Tesla. We knew this was a problem; it's definitely causing good people to leave Tesla.
What we do know is that Tesla's accounting is fine, 'cause he said so in an official statement.