Telsa Releases Executives Over Model X Delays

Two top manufacturing executives are leaving Tesla Motors Inc., including the global head of production, at a time when the electric-car company is about to release its most important car: the mass-production Model 3.

Greg Reichow, Tesla’s vice president of production and one of its highest-paid executives, and Josh Ensign, vice president of manufacturing, will leave the company. A Tesla spokesperson confirmed both departures and said Reichow will remain until his replacement is found.

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TheSteve - 5/4/2016 4:27:22 PM

-2 Boost

When viewing an organizations, and without having legitimate, uncolored insider information, it can be difficult to know the difference between key resources being "released" versus them leaving for their own reasons, such as losing faith in the company they worked for.

BTW, I have no insider info into Tesla, so I don't know.

carloslassiter - 5/4/2016 4:52:08 PM

+1 Boost

I'm waiting to hear TheSteve's negative spin on the pre-orders for the Model 3. I'm sure somehow it's really bad news for the company.

nguyenvuminh - 5/4/2016 5:34:37 PM

+2 Boost

I like how TheSteve tries to portray his comment in a really neutral tone but then throw in the "... losing faith in the company..." slant to it. I would much prefer his "...drive a Q5 ..." :-) JK TheSteve. I love your short and sweet comments.

supermoto - 5/4/2016 6:51:01 PM

+5 Boost

In Q1 Tesla burned another $446 million in cash, bringing the total cash burn over the past year to $2.1 billion.

Nothing to see here, move along.

MDarringer - 5/4/2016 7:45:17 PM

+1 Boost

Trouble at Tesla? This is so unforeseen.

runninglogan1 - 5/4/2016 10:31:20 PM

0 Boost

Sales are up 45% this year. We're talking $100k vehicles here. Does any other auto maker come close to those gains?

Musk announced today that Tesla will hit 500,000 units in 2018 - two years earlier than previously announced. Hardly sounds like a sinking ship.

Vette71 - 5/5/2016 10:14:33 AM

0 Boost

Many in the financial community would beg to differ with you. There is great concern that to accomplish Musk's new goals announced yesterday (different than 2 months ago) will require significant new financing as well as "perfect execution" across all aspects of the company. The conclusion is there is huge risk, and that the long term viability of Tesla will soon be know.

Vette71 - 5/5/2016 10:25:34 AM

+1 Boost

Having personally made an income out of turning around failing businesses one thing I noted was that driving visionaries, aka Musk, can chew up and spit out a lot of great experienced people along the way. Without these people the visionary eventually runs the train right off the tracks. People get pushed harder and harder and eventually decide they cannot meet the outrageous, and often changing, goals the visionary demands. One scenario for these exec departures was that they disagreed with Musk's new goals announced on 5/4/16. A bridge too far.

mre30 - 5/5/2016 10:51:58 AM

+1 Boost

There is no "I" in TEAM! Once Musk starts burning off the good people, combined with the working capital issues, the falling pebble will turn into an avalanche.

Musk should sell the car company and focus his great creative energies on his Space X company. Check out the you tube video of his rocket landing on a floating barge - just amazing.

America needs Space X. America does not need another car company!