Daily Management Review

What’s wrong? Tesla can’t retain its top managers


05/16/2018


While Elon Musk is trying to brush up mass production of his electric cars, top managers are leaving his company. The exodus of Tesla's executives began in February, and the other day, Matthew Schwall, who was in charge of car safety and moved to Waymo, left the company. In addition, senior vice president of development Doug Field took an indefinite leave.



pixabay
pixabay
The turnover of staff in Elon Musk’s company is taking on an alarming scale: one of the top managers has been leaving the company starting from February. The last in this list were Matthew Schwall and Doug Field.

Matthew Schwall was predominantly responsible for the Tesla car security system. And recently there were problems - a woman killed at full speed, and Tesla Model S, crashed at high speed into the wall, causing the driver and passenger to die. Nevertheless, Mr. Schwall not just left Tesla, which could be related to investigation of these incidents. He went to Tesla's main competitor, Waymo. This is the former division of Alphabet, which manufactures unmanned vehicles. In a new place, Matthew Schwall took a similar position in the department of machine safety.  

Earlier, Elon Musk lost one of his main assistants, the "one of the most talented" leaders in the world, Doug Field, who was developing new models, such as Model 3. However, several months ago, Elon Musk took release of the company's massive electric vehicle under personal control. The media explained the departure of Mr. Field with problems that have arisen with this model. However, the company officially declares that the manager simply "needs time to recharge and spend time with his family."

Last month, head of development of the driver assistance system Autopilot, Jim Keller, also left the company. He moved to work at Intel Corp. In March, Tesla said goodbye to two top managers at once, and in February the salesman John McNeil, who now works for Lyft, left the company. Obviously, very bad things happen in Tesla, says well-known investor Jim Chanos, who heads the company Kynikos Associates Ltd. At the same time, the situation in Tesla reminds him of what happened in Valeant Pharmaceuticals and Enron Corp.

"It's always wrong if almost all your top managers leave the company amid high stock prices," Mr. Chanos said on the podcast from Bloomberg Masters in Business. "It means that something is wrong. I do not know what it is, but it's seen by almost all the top Tesla executives, and they leave the company, leaving options packages on the table. "

source: cnbc.com






Science & Technology

Asteroid mining: Reality or fiction?

3D Printing Used For Life Saving Kidney Transplant In Two Year Old At U.K. NHS

California to require solar panels for new homes by 2020

Blockchain Enables De Beers To Track Diamond From The Miner To The Retailer

Microsoft releases Windows 10’s April 2018 Update

DNA Sequencing Project Proposed For All Complex Life Forms On Earth By An Int’l Team

Facebook may start production of its own microprocessors

Long-Term Alcohol Monitoring Could Be Possible With A New Injectable Chip Developed By U.S. Researchers

Sweden Now Has The First Electrified Road In The World

Over 270,000 Account Globally Banned From Twitter For Promotion Of Terrorism

World Politics

World & Politics

Ministerial Visit From India To North Korea Aimed At Strengthening Ties

What countries are the biggest losers of Trump’s Iran decision?

World's Oldest Elected Prime Minister Is Malaysia’s 92 Year Old Mahathir Mohamad

Why Is U.S. Pulling Out Of The Iran Deal A Big Deal For The World

Merkel, Macron, May call on Iran to adhere to the nuclear deal

Arab Region Driven In ‘Wrong Direction’ In Last 10 Years, Say Arab Your: Survey

German doctors demand a tax on sugar

U.S.-China Ties Could Be Bettered By AI As The Bridge: Experts