News Elon Musk announces reorg as Tesla engineering chief goes on leave

22:50  15 may  2018
22:50  15 may  2018 Source:   autoblog.com

Tesla CEO Elon Musk Admits Missteps in Model 3 Production

  Tesla CEO Elon Musk Admits Missteps in Model 3 Production “Too much technology into the Model 3 all at once”The CEO says "production hell" related to the Model 3 sedan has been worse than he expected. "We got complacent about some of the things that we felt were our core technology We put too much new technology into the Model 3 all at once. This—this should have been staged," he said.

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a truck is parked on the side of a building© Provided by AOL Inc.Tesla is facing a sudden loss of key leadership at a critical moment when new vehicles, like the Model 3 sedan and upcoming Model Y SUV, are desperately needed to help boost the electric automaker's bottom line. According to a report in Automotive News, Doug Field, Tesla's chief engineer, is taking a six-week break from the company to "recharge" and spend time with his family. This after CEO Elon Musk stepped in and took charge of Model 3 production from Field. Furthermore, in a memo to employees on Monday, Musk announced a reorganization of Tesla management.

Musk's full memo:

"To ensure that Tesla is well prepared for the future, we have been undertaking a thorough reorganization of our company. 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."

Tesla might let other companies use its Supercharger network

  Tesla might let other companies use its Supercharger network Tesla CEO Elon Musk said he'd be fine with other companies using the supercharger network if they paid for it."This is not a walled garden.

Tesla Inc.’s engineering chief is taking a break from the company, weeks after Elon Musk took over production responsibilities during the rocky ramping up of the Model 3 sedan. Doug Field, a senior vice president, is taking time off to recharge and spend time with his family and hasn’t left the company

CEO of Tesla , Elon Musk took to Twitter announcing the electric vehicle manufacturer had gone bankrupt. By Jessica Miley. Apps & Software Engineering Students Can Get Free Simulation Software With ANSYS.

"To be clear, we will continue to hire rapidly in critical hourly and salaried positions to support the Model 3 production ramp and future product development."

While Field has technically not left Tesla — a point reinforced in this Bloomberg news update — the timing of the sabbatical comes at one of the worst possible moments for the fledgling company.

Plans to increase production to 5,000 Model 3 cars per week have now been pushed back to the middle of the summer. Although in one positive sign that Tesla is getting a handle on production, Musk said that production of dual-motor, all-wheel-drive versions of the Model 3 will begin in July. Meanwhile, the Model Y, an upcoming SUV based on the Model 3 platform, is also expected to arrive sometime next year, though details about that vehicle remain scarce.

Tesla Might Need $10 Billion To Fund All Of Its New Projects: Analyst

  Tesla Might Need $10 Billion To Fund All Of Its New Projects: Analyst Tesla has a new crossover, a semi, and a Roadster in the pipeline, but CEO Elon Musk is adamant the automaker doesn’t need to raise new capital to fund those projects. An analyst from Goldman Sachs disagrees, and suggested Tesla needs a big round number to make it happen: $10 billion.All The Questions Tesla Has To Answer NowThe Goldman analyst, David Tamberrino, said in a research note released Thursday that Tesla may need that kind of loot to fund its operations, the new products, and a move into China, reports Bloomberg.

It is very possible Elon Musk will leave Tesla within the next year. 17 Answers. Zachary E. Fishbein, Space Systems Engineer and Technology Entrepreneur. Is Elon going to leave Tesla … well let's look at the facts. He just bought Solar City with Tesla money, allowing for a profitable exit from his

I have a question for Elon Musk , “Dude how’re you going to make the Tesla Model 3 Compatible with Indian road conditions?” In a recent launch event Elon Musk made a big announcement for us (India). Tesla is coming to India.

While the temporary departure of an executive doesn't officially push the panic button for Tesla fans, or the company's investors, it continues a growing trend of uncertainty surrounding the automaker. This was compounded by a bizarre moment earlier this month, when Elon Musk refused to take additional questions from analysts. He called the questions "boring" and reinforced his belief that the company would not need to raise further cash, despite continued production delays and a high rate of cash burn. Predictably, Wall Street wasn't impressed and Tesla's stock slid quickly downward.

Somewhat lost in the reporting of that earnings call was the fact Musk said some sort of reorganization was coming:

"We are going to conduct a sort of reorganization, restructuring of the company this month, and make sure we're well set up to achieve that goal."

"And in particular, the number of sort of third-party contracting companies that we're using has really gotten out of control, so we're going to scrub the barnacles on that front. It's pretty crazy. We've got barnacles on barnacles. So there's going to be a lot of barnacle removal."

Tesla Slashes 9 Percent of Workforce

  Tesla Slashes 9 Percent of Workforce Model 3 production not affectedTesla has dropped around 9 percent of its workforce as part of a restructuring plan, CEO Elon Musk revealed on Twitter today. Production of the Model 3 will not be affected by the cuts.

Tesla Inc.’s engineering chief is taking a break from the company, weeks after Elon Musk took over production responsibilities during the rocky ramping up of the Model 3 sedan. Doug Field, a senior vice president, is taking time off to recharge and spend time with his family and hasn’t left the company

But CEO Elon Musk has recently shifted the automaker’s focus to manufacturing – saying that the factory itself is probably more important than the product it is making. The engineer added: “So that’s one of the examples of Elon just really pushing – he Tesla 's VP of Autopilot Jim Keller is leaving .

Meanwhile, Matthew Schwall, Tesla's main point of contact for safety organizations like the National Highway Traffic Safety Administration, has left Tesla to join Waymo, the self-driving division of Google. This comes just as Tesla faces increasing scrutiny from federal safety regulators about whether AutoPilot, the company's driving aid, has been to blame for several recent accidents, including a fatal incident involving the driver of a Model X.

SEC looking into Tesla after Elon Musk's tweets, reports say .
Musk may have moved too fast for federal regulators.The US Securities and Exchange Commission has made inquiries into Tesla in the wake of Musk's tweets, The Wall Street Journal reports. According to the WSJ report, as well as others slowly trickling out of Twitter's financial corner, the SEC is looking into whether or not Musk was telling the truth when he said he'd already secured financing to take the company public. If he was lying or embellishing, that could get him in big trouble with the feds.

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