"Tesla Executives Depart and Layoffs Announced: What It Means for the Company"

Tesla executives Drew Baglino and Rohan Patel have announced their departure from the company as it undergoes a round of layoffs, with Baglino having been with Tesla since 2006 and Patel joining in 2016 after working with former President Barack Obama. The departures come amid reports of a shift in strategy towards developing a "robotaxi" and increased competition in the electric vehicle market. CEO Elon Musk thanked both executives on social media, while also mentioning the need for periodic company reorganization.