Tesla Factory
Two top Tesla executives resigned on Monday as layoffs rocked the electric automaker.
Longtime Tesla executive Drew Baglino left the automaker on Monday, Bloomberg first reported.
The shakeup came as Tesla grapples with declining sales and a dropping stock price. Tesla CEO Elon Musk on Monday sent an email to staff saying that the company planned to lay off more than 10% of global staff, multiple outlets reported.
Baglino announced his departure in a post on X. He started working at Tesla in 2006 and most recently held the title of Senior Vice President of Powertrain and Energy.
“I made the difficult decision to move on from Tesla after 18 years yesterday. I am so thankful to have worked with and learned from the countless incredibly talented people at Tesla over the years,” he said. Musk thanked him for his service in a reply.
This story is developing… Check back for updates…
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