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Tesla hires Google’s Jason Wheeler to be next CFO

Tesla’s stock swung higher Tuesday afternoon on strong guidance for future deliveries — despite the company reporting third-quarter results that missed Wall Street expectations.

The company said it saw an adjusted loss of 58 cents per share on $1.24 billion in revenue. Analysts had expected Tesla to report a loss of about 50 cents per share on $1.26 billion in revenue, according to a consensus estimate from Thomson Reuters.

Although shares initially fell in after hours trading, the company’s stock jumped 10 percent higher once the quarterly results were digested further.

Tesla Chairman and CEO Elon Musk announced on the earnings call that his company had hired former Google executive Jason Wheeler to be Tesla’s next CFO. Wheeler had served as a vice president of finance at Google, according to his LinkedIn account.
Musk said Wheeler will take over for current CFO Deepak Ahuja, whose planned retirement had previously been announced, next month. Wheeler and Ahuja will work closely together for a few months to have a smooth transition, Musk said.

Jason was “basically the number two finance guy at Google,” Musk said, explaining that his new hire had been in charge of the company’s global finance function. Some reports earlier this year suggested that Wheeler could have been tapped to be Google’s CFO.

“I just thought he was a super smart guy, and really understood what we were doing, and was a great cultural fit for the company,” Musk said of Wheeler.