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Tesla stock down 20% today after departures announced « Competitors « Financial
 
Fri, 13 Jan 2012, 9:48pm #1
wcushman
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Excerpt from CNN Money:
"Ricardo Reyes, Tesla's vice president of communications, said in a statement Friday that Peter Rawlinson, Tesla's vice president and chief engineer, "has decided to step away to tend to personal matters in the UK." Nick Sampson, who supervised vehicle and chassis engineering, also left the firm earlier this month, Reyes added."

Entire article at: http://money.cnn.com/2012/01/13/news/companies/...


"All I want to know is where I will die so that I will never go there." Unknown wise man

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Fri, 13 Jan 2012, 10:04pm #2
wcushman
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In other unhappy news today, Kim Kardashian says she cannot understand why Skechers is replacing her in their Superbowl ads, especially considering that her replacement is a total dog.

http://theeestory.com/files/mr-quiggly-super-bowl-ad.jpg


"All I want to know is where I will die so that I will never go there." Unknown wise man

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Sat, 14 Jan 2012, 12:38am #3
DGDanforth
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Probably means nothing.


EEStor Hopeful.

"Make it as simple as possible, but not simpler" A. Einstein
"Alas, simplicity is rarely simple" curiositEE

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Sun, 15 Jan 2012, 4:03pm #4
Lensman
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I've seen a lot of buzz about how Tesla Motors' stock was overvalued in the initial run-up after the IPO, and how analysts kept predicting it would suddenly plunge because it was overvalued.

Personally, I'm much more interested in the real, tangible products Tesla Motors is producing than I am in any transitory stock price movements.

This would be the second time TM's chief engineer has been replaced. The first time was before TM started delivering cars to customers in 2008. I don't remember if that was or was not part of what founder Martin Eberhard called the "stealth bloodbath" where Elon Musk fired about 10% of the workforce after Eberhard was forced out of the company.

At any rate, it seems that Musk can't stand to have anyone working for him who doesn't agree with him on everything. Of course, I have no idea if that's the reason for these latest people leaving the company or not.

And even if Elon Musk really is the control freak some make him out to be, it doesn't seem to stop him from successfully running two cutting-edge hi-tech companies: Space-X and Tesla Motors.


We are the 99%. A better world is possible.

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Sun, 15 Jan 2012, 9:04pm #5
teslafan49
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Will Elon Musk raid some new personnel from Dick Weir's incredible lineup? Will Tesla motors announce in house developed energy storage? Will Dick Weir be beat to market again? Stay tuned for the next exciting episode of The EEStory, because, only the B man knows for sure! MUAHAHAHAHAHAHA!!!!!!!


'36 Roadster Pickup

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Tue, 17 Jan 2012, 1:11am #6
Lensman
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At least one commentator isn't so dismissive of the import of this news:

Two employees involved in the development of Tesla's Model S electric luxury sedan have left the company. Peter Rawlinson, chief engineer, and Nick Sampson, involved in vehicle and chassis engineering, have called it quits, even as the Model S is set for a debut later this year. The news naturally sparks fears that something terrible is laying in the weeds for the Model S, which Tesla now has everything riding on as it's been winding down production of its pricey Roadster to make way for the Model S.

Full article: Tesla Motors Shares Crashed: What You Need to Know


We are the 99%. A better world is possible.

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Tue, 17 Jan 2012, 1:31am #7
Y_Po
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I think these two left for Zenn!
Muahahahahahaha!


Q: What would happen if you give 12V battery and two 6V light bulbs to Weir/Nelson?

A: They will wait 8 years for 12V➜6V DC-DC converter.

http://theeestory.com/topics/3687
http://theeestory.com/topics/2105
http://theeestory.com/topics/4835

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