"Tesla Executive Departure and Job Cuts: Impact on Stock and Workforce"
Drew Baglino, Tesla's SVP of powertrain and electrical engineering, resigned after 18 years at the company, just before Tesla announced job cuts affecting 10% of its workforce. Another executive, Rohan Patel, also left, citing "overall changes" at Tesla. Baglino had been a key figure in the development of Tesla's energy products, and his departure follows that of the CFO last year. Tesla's stock has been down amid substandard quarterly sales and a general slowdown in EV demand.
