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.
After delays and technical snags, Tesla Motors is getting its first car on the road. At company headquarters in San Carlos, Calif., CEO Ze'ev Drori and Chairman Elon Musk tell CNET News.com's Michael Kanellos about some of Tesla's celebrity customers, as well as future, cheaper models coming in the next few years.
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.