Tesla Inc (TSLA) Loses Yet Another Key Executive

NASDAQ: TSLA | Tesla, Inc. News, Ratings, and Charts

TSLA – The company’s accounting chief is the latest to head for the exits.

Tesla Inc (NASDAQ:TSLA) continues to make impressive strides in its quest for dominance in the electric vehicle market, but the company is having some trouble keeping the band together. The company has announced that another major executive is leaving the company. 

Bloomberg has the news on the latest Tesla executive to move on from the company.

Tesla Inc.’s chief accounting officer has left the company, the latest in a string of management departures from the electric-car maker.

Eric Branderiz, who also served as corporate controller, left Tesla for personal reasons on Wednesday, according to a regulatory filing. Tesla shares dropped as much as 1.9 percent after the close of regular trading.

Branderiz’s exit is just the latest in a string of high-level departures from the company, including Jon McNeill, president of global sales and service. Besides McNeill, the company has also lost Chief Financial Officer Jason Wheeler, Kurt Kelty, director of battery technology, and Diarmuid O’Connell, vice president of business development.

Next month, shareholders will have to decide on a $2.6 billion equity award for Chief Executive Officer Elon Musk, which is designed to help keep him with the company for the long term.

Tesla Inc shares fell $4.85 (-1.47%) in premarket trading Friday. Year-to-date, Tesla, Inc. (TSLA - Get Rating) has gained 5.70%, versus a 2.71% rise in the benchmark S&P 500 index during the same period.

Tesla, Inc. (TSLA - Get Rating) currently has a StockNews.com POWR Rating of B (Buy), and is ranked #5 of 24 stocks in the Auto & Vehicle Manufacturers category.

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