Musk: Tesla Model S on track, despite executive departures
There's no need to worry: the departure of two Tesla executives was a planned transition that happened sooner than expected, company Chief Executive Elon Musk said today on an early morning investor call.
News that Peter Rawlinson, Tesla's vice president and chief engineer, and Nick Swanson, who supervised vehicle and chassis engineering, left the electric-car startup before the launch of the Model S sent the stock price plummeting almost 20 percent on Friday. Musk assured conference call listeners that Tesla wasn't trying to "dump news into the weekend." Rather, he said, he had made the … Read more
