Has my stock been accused of fraud?Join over 160k users who know.

Ticker Price Change($) Change(%) Shares Volume Prev Close Open Gain($) Gain(%)
Ticker Status Jurisdiction Filing Date CP Start CP End CP Loss Deadline
Ticker Case Name Status CP Start CP End Deadline Settlement Amt
Ticker Name Date Analyst Firm Up/Down Target ($) Rating Change Rating Current

News

Did Someone Get Promoted At Tesla Amid Layoffs? Autopilot Head's X Badge Change Sparks Talk Of Leadership Shift

Author: Anan Ashraf | April 16, 2024 06:01am

Tesla‘s Director of Autopilot Software, Ashok Elluswamy, recently gained a company-affiliated tag on social media platform X, sparking speculation about a potential promotion following the departures of senior executives Drew Baglino and Rohan Patel.

What Happened: Before their resignations were announced on Monday, both Baglino and Patel lost their Tesla-affiliated badges on X. Elluswamy receiving the tag now suggests a possible leadership shift within the company.

This news comes amidst Tesla’s recently announced layoffs, impacting over 10% of its global workforce (roughly 14,000 employees) in a cost-cutting measure. CEO Elon Musk, via the same social media platform, justified the layoffs as necessary “to reorganize and streamline the company for the next phase of growth.”

Other Tesla Executives On X: Interestingly, Musk himself does not have a Tesla-affiliated tag on X. 

Instead, it reflects his role as Chair of the platform, displaying an affiliation to X Corp, formerly known as Twitter before he bought it.

Other Tesla executives who do have Tesla-affiliated tags include design chief Franz von Holzhausen, automotive head Tom Zhu [widely seen as Tesla’s No. 2 after Musk], investor relations head  Martin Viecha, Cybertruck engineering head Wes Morrill, North American sales operations VP Troy Jones, and VP of Vehicle Engineering, Lars Moravy.

Read More: Elon Musk Re-Enters ‘Wartime CEO’ Mode? Tesla Chief Explains Necessity Of Massive Job Cuts Amid Report Of Critical Giga Texas Projects At Risk

Photo courtesy: Tesla

Posted In: TSLA

CLASS ACTION DEADLINES - JOIN NOW!

NEW CASE INVESTIGATION

CORE Finalist