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.

9 "Must Own" Growth Stocks For 2019

Get Free Updates

Join thousands of investors who get the latest news, insights and top rated picks from StockNews.com!

Top Stories on StockNews.com

NASDAQ: JBHT | J.B. Hunt Transport Services, Inc. News, Ratings, and Charts

J.B. Hunt (JBHT) receives a downgrade from UBS

J B Hunt Transport Services Inc may be facing some headwinds going into 2020, according to UBS.
NYSE: USM | United States Cellular Corporation Common Stock News, Ratings, and Charts

Morgan Stanley upgrades US Cellular Corp. (USM)

As a regional wireless company, USM usually isn’t the first player to come up in the conversation about the vanguard of the shift to 5G.
: ACB | Aurora Cannabis Inc. Common Shares News, Ratings, and Charts

Are shares of Aurora Cannabis (ACB) a good investment?

Diversification Is What Makes Aurora Stock a Solid Marijuana Play.
NASDAQ: GOOGL | Alphabet Inc. - Class A Common Stock News, Ratings, and Charts

Google (GOOGL) announces it will invest $1 billion in affordable housing efforts in the San Francisco Bay Area

$750 million of the funds will go toward rezoning Google-owned property from commercial use to residential use.
NASDAQ: ADBE | Adobe Inc. News, Ratings, and Charts

Adobe Inc. (ADBE) reports earnings, beats earnings estimates

The company announced better-than-expected earnings for the second quarter of its 2019 fiscal year.

Read More Stories


More Tesla, Inc. (TSLA) News View All

Event/Date Symbol News Detail Start Price End Price Change POWR Rating
Loading, please wait...
View All TSLA News
Page generated in 1.449 seconds.