• 14 hours $15,000 For Your Crypto’s Ticket To Visibility
  • 2 days The Next Fashion Frontier
  • 2 days What Is Africa’s Role In The New Silk Road?
  • 3 days Trump Was Right About The Dollar
  • 3 days Is Silver Gearing Up For A Rally?
  • 4 days World’s Largest Hedge Fund Turns Bullish On Gold
  • 4 days It’s Time To Spend More On Clean Energy R&D
  • 4 days Contrarian Investors Are Beating The Stock Market
  • 4 days Bulgaria’s Revenue Agency Falls Victim To Biggest Cyber Heist In History
  • 5 days Amazon Faces European Union Anti-Trust Probe
  • 5 days Commodities Are Having A Stellar Year
  • 5 days Bezos’ Next Big Project Could Be Worth $100 Billion Per Year
  • 5 days 3,600 Years Later, Climate Change Turns Mammoths Into $40M Market
  • 6 days Tesla, Apple Claim China Is Stealing Intellectual Property
  • 6 days EV Giants Duke It Out For Battery Dominance
  • 6 days Tech Billionaire Takes Aim At Google
  • 6 days Chinese Police Bust Largest Ever Illicit Crypto Mining Operation
  • 7 days Expect A Pullback Before Gold's Next Major Rally
  • 7 days Why Interest On Gold Matters
  • 7 days Ten Extravagant Food Items For The Wealthy Only
EV Giants Duke It Out For Battery Dominance

EV Giants Duke It Out For Battery Dominance

EV makers are pouring billions…

Bulgaria’s Revenue Agency Falls Victim To Biggest Cyber Heist In History

Bulgaria’s Revenue Agency Falls Victim To Biggest Cyber Heist In History

Russian hackers have infiltrated Bulgaria’s…

  1. Home
  2. News
  3. Breaking News

Will Tesla Survive Its Executive Exodus?

Musk

Tesla has seen a lot of senior executives depart from the company in recent months, which doesn’t bode well for Elon Musk’s promise of the “short burn of the century comin soon,” short seller Jim Chanos says.

“It is never a good sign when almost all your senior executives are leaving with the stock price at a high,” Chanos said on a Bloomberg Opinion podcast last week.

“That’s telling you there’s something wrong. And I don’t know what it is, but almost all the senior executives at Tesla see something and are leaving stock option packages on the table,” Chanos said.

At the end of last month, Chanos told CNBC:

“Probably the number-one sign of impending problem is mass executive departure, I don’t mean one or two people, I mean 30 or 40.”

The latest news report concerning a senior Tesla executive is that Doug Field, Senior VP Engineering, is taking a leave of absence for a few weeks at a crucial moment for Tesla which is struggling to ramp up Model 3 production and has, again, missed its own production targets while posting another record loss for Q1.

In a statement, a Tesla spokesman said:

“Doug is just taking some time off to recharge and spend time with his family. He has not left Tesla.”

Last month, Musk quashed rumors that Field had fallen out of grace in one of his typical Twitter exchanges. Musk said then that he was back to sleeping at the factory to try to solve production bottlenecks, as ‘car biz is hell’.

Although it’s just a leave of absence, Field’s break comes after several senior Tesla executives recently jumped ship. Related: Asian Markets Up On High Oil Prices And Weak Dollar

Jim Keller, vice president of Autopilot and Low Voltage Hardware, joined Intel as a senior vice president last month.

In February, Jon McNeill, previously President of Global Sales & Service at Tesla, joined Lyft as Chief Operating Officer.

Matthew Schwall, the director of field performance engineering at Tesla, who was the company’s main technical contact with U.S. safety investigators, has just joined the self-driving car company Waymo.

By Tsvetana Paraskova for Safehaven.com

More Top Reads From Safehaven.com:

Back to homepage

Leave a comment

Leave a comment