Tesla Autopilot chief leaves company amid controversy over system, production woes
Latest high-profile departure renews questions over Tesla's short-term outlook, financial health
Tesla's Autopilot chief, Jim Keller, left the electric automaker after a little over two years in the role, adding to a string of major executive departures in recent months as well as plenty of controversy for the semi-autonomous driver assist system itself. Keller's departure follows that of chief accounting officer Eric Branderiz and corporate treasurer and VP of finance Susan Repo, both of whom left in March, about a month after Tesla's head of global sales Jon McNeill left his position. Keller himself had not been at Tesla long; he joined the automaker in January 2016.
Taken together, these departures certainly create the impression of a significant exodus of top-level executives within the last year and a half, a time when Tesla has failed to reach several short-term milestones in the production of the crucial Model 3 sedan.
In analyzing these major departures, a number of industry analysts have pointed to fairly certain developments on the horizon for Tesla: the impending debut of competitors like the Porsche Mission E and the Jaguar I-Pace, mounting financial concerns from investors and serious competition to Tesla's Autopilot technology...
http://autoweek.com/article/autonomous- ... production
One TSLA executive not likely to get the boot...soon:
Tesla to shareholders: We don’t need an independent chairman
Tesla is gearing up for its annual shareholders meeting, and it wants its shareholders to believe that the company is doing just fine with its current chairman, thank you very much.
That chairman is also Tesla’s Chief Executive, Elon Musk.
On Thursday, Tesla released its proxy statement for its shareholders meeting, scheduled for June 5. Included in that document is a company recommendation that Tesla’s stock owners vote down a shareholder proposal that Tesla’s chairman be an independent director without any direct tie to the company....
https://www.mercurynews.com/2018/04/26/ ... -chairman/
After all, what could possibly go wrong with faith-based corporatism...
Tesla: Elon Musk Increases Personal Leverage
...Regardless of your opinion of Tesla, the highly leveraged nature of Elon Musk is a large risk factor to consider. With Elon borrowing more and more to fund his other ventures, a large decline in Tesla shares could result in a painful margin call, which could force Elon to sell millions of shares, adding to a downward spiral. I'll be back next week to preview Tesla's earnings report, which could have a large say in what Tesla shares do the rest of this year....
https://seekingalpha.com/article/416685 ... l-leverage