Staff are leaving Tesla in droves as confidence in increasingly erratic Elon Musk wavers amid falling share price and failure to deliver ‘game changing car’ | WHAT REALLY HAPPENED


Staff are leaving Tesla in droves as confidence in increasingly erratic Elon Musk wavers amid falling share price and failure to deliver ‘game changing car’

Tesla has seen top executives depart the company in recent months as CEO Elon Musk has come under fire for erratic behavior at a crucial moment for the company.

Musk told employees Monday the electric carmaker is being reorganized to speed up production of Model 3 vehicles - a key to profitability at the fast-growing firm - as executives are reportedly leaving the company after losing confidence in the CEO.

'To ensure that Tesla is well prepared for the future, we have been undertaking a thorough reorganization of our company,' the memo obtained by AFP said.

'As part of the reorg, we are flattening the management structure to improve communication, combining functions where sensible and trimming activities that are not vital to the success of our mission.'

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