Tesla Inc. (NASDAQ:TSLA) CEO Elon Musk has seen the departure of two of his top executives, including a senior vice president after the electric car maker reportedly laid off over 10% of its global workforce.
What Happened: Senior Vice President Drew Baglino, who was responsible for engineering and technology development for Tesla’s batteries, motors, and energy products, has resigned. Baglino said in a post on X, formerly Twitter, that he doesn't have any immediate plans yet.
The departure of Baglino, a veteran of 18 years, is seen as a significant loss for the company.
Another key figure, Rohan Patel, Tesla’s vice president of public policy and business development, has also reportedly left the company.
This shake-up follows CEO Elon Musk’s reported memo announcing a global headcount reduction of over 10% due to the declining prospects for electric vehicle sales.
Tesla's headcount stood at a little ...