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Posted in 2018, Transportation & Warehousing | 0 comments

Tesla

Tesla

Tesla is known for being one of the most innovative companies of the 21st century, and now has one of the highest executive turnover rates. In 2018, at least17 significant leader quits included:  

  1. Doug Field, Engineering Chief 
  2. Jason Mendez, Senior Director for Manufacturing Engineering 
  3. Will Mccoll, Senior Manager for Equipment Engineering 
  4. Jon Mcneil, Global President of Sales and Service 
  5. Susan Repo, Corporate Treasurer and Vice President of Finance 
  6. Liam O’Connor, Global Supply Management 
  7. Gabrielle Toledano, Chief People Officer 
  8. Justin Mcanear, Vice President of Worldwide Finance 
  9. Dave Morton, Chief Accounting Officer 
  10. Gilbert Passin, Vice President of Manufacturing 
  11. Sarah O’Brien, Vice President of Communication 
  12. Antoin Abou-Haydar, Senior Director of Production and Quality 
  13. Eric Branderiz, Chief Accounting Officer 
  14. Jim Keller, Autopilot Hardware Engineering 
  15. Georg Ell, Director of Western Europe Operations 
  16. Matthew Schwall, Director of Field Performance Engineering 
  17. Ganesh Srivats, Vice President Overseeing Retail, Delivery, and Marketing 

 

With great innovation, comes great responsibility. Tesla faced an intersection of press, production, and self-driving challenges this year. Either by or because, some left after very short tenures, like David Morton who resigned after 1 month, and others quit for  other executive positions, like Eric Branderiz who join Enphase Energy as CFO.  

 

Why are all the leaders leaving? Tesla has been under the microscope all year. In April, the company strained to produce target goals of Model 3 vehicles, along with near cottage-industry speculation regarding its financial health. These concerns were enflamed with the questionable tweets of CEO Elon Musk, which prompted an investigation by the Securities and Exchanges Commission. Then his open marijuana use during a video podcast put the company in a hazy spotlight and exacerbated the exodus. Tesla remains fervently supported by its customers and suppliers and continues to be one of the most popular stocks among millennial investors despite these executive departures. But draining the batteries this often may affect long-term performance. 

 

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