Elon Musk Announcing a Major Shake-up At Tesla

[Sofia + 35]

Tesla plans to streamline its management structure as part of its reorganization efforts. This company will restructure and flatten its management as the Silicon Valley auto maker struggles to boost production of its Model 3 sedan amid an exodus of top leaders. Musk made this announcement following news that his engineering chief, Doug Field, was taking a leave of absence, and that senior executive Matthew Schwall was leaving the company for Alphabet Inc.’s driverless car division Waymo. How will these changes affect Tesla's further production? 

[CMOP + 227]

@Sofia

Oh wow - looks like Tesla is in for a run. 
Tesla to be profitable next quarter seems very unlikely even more now. 

[BlackTortoise + 103]

Tesla shares dipped 0.3% to $300.20 this morning and even more during a day. Nearly 1.6% in the afternoon.  

 

 

[Adam Varga + 123]

Executive departures are usually not seen as a good thing. With their executives gone and production delays - looking fairly hard for Tesla to get up too speed. Tesla will survive but they will probably not reach their "profitability" goal by Q3-Q4.