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Elon Musk, company investor and chairman, will take over as CEO, replacing Ze'ev Drori, who will join the board. Layoffs are also planned as part of a corporate review.
All-electric sports car maker Tesla Motors is on a hiring binge, taking on auto industry executives as it ramps up operations. Meanwhile, its founder files a 1,000-mile review.
The anxious wait for the all-electric sports car is almost over, as manufacturing begins this summer in the United Kingdom, with an anticipated production ramp-up later this year.
For its sedan, Tesla will bring a Chevy Volt-like car to market.
The electric car company rids itself of employees not long after it was forced to delay the release of its electric sports car.
A million dollars here, a million dollars there; after a while, it starts adding up.
Info on changes and delays for the electric sports car reiterated on Tesla blog as a follow-up to town hall meeting.
According to an online message board post, founder Martin Eberhard allegedly is not happy with a series of demotions.