Tesla is expanding its executive team by welcoming Jack Hartung, former CFO of Chipotle, onto its Board of Directors, effective from June 1st. Hartung’s extensive background in corporate financial strategy and management will be an asset to Tesla, and he will also contribute to the audit committee.
According to a report by CNBC, Tesla has recently added Hartung to its Board of Directors, as stated in an SEC filing. Prior to joining Tesla, Hartung oversaw Chipotle’s financial operations during the COVID-19 pandemic. It is worth noting that Hartung’s son-in-law already works as a service technician at Tesla. Interestingly, Kimbal Musk, Elon Musk’s brother who currently sits on the Tesla Board, previously served on the Chipotle Board from 2013 to 2019, alongside Hartung.
Regardless of the circumstances, Hartung is joining Tesla at a time when the company is aiming to recover from its lackluster performance in 2025. The corporation’s electric vehicle sales and profits have noticeably declined in recent financial disclosures, with a 20% decrease in automotive revenue year-on-year for Q1 2025 being a significant example. Elon Musk has publicly announced that he will be diverting his attention from his endeavors to reform social security, veteran’s benefits, the FAA, and other crucial government institutions with DOGE and the assistance of the Trump Administration. However, Tesla’s stock is still approximately 7.7 percent lower compared to the year so far, as of this week.
As Hartung takes his seat on Tesla’s Board of Directors, it promises an intriguing journey as we approach the final stages of their upcoming financial quarter. Keep a close eye on Tesla news for more developments.
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2025-05-17 02:27