Tesla execs Drew Baglino and Rohan Patel depart as company announces steep layoffs

Tesla execs Drew Baglino and Rohan Patel depart as company announces steep layoffs


Rows of new Tesla vehicles are noticed in a holding place close to a consumer assortment stage in London, England, on April 15, 2024.

Leon Neal | Getty Visuals

Tesla executives Drew Baglino and Rohan Patel announced Monday they are leaving the electrical motor vehicle maker and thoroughly clean vitality enterprise. CEO Elon Musk thanked each departing execs on X, the social network he owns and operates as chief engineering officer.

The news will come just after Tesla claimed it is laying off far more than 10% of its workforce.

Baglino experienced labored with Tesla considering that its early a long time, starting as a firmware and electrical engineer in 2006. He most not too long ago described right to Musk as the company’s senior vice president for powertrain and vitality engineering.

Patel joined Tesla in 2016 following functioning as a senior advisor to former President Barack Obama on weather and energy difficulties, among the other plan issues.

Reuters just lately reported that Tesla has established apart strategies to make a much more affordable new EV at Musk’s course. The strategy change contains a bigger aim on developing a “robotaxi” and comes amid steep level of competition together with from BYD and other Chinese automakers with additional cost-effective electric autos.

Patel and Baglino experienced been deeply involved in battery and motor vehicle production, connected policy, and turning Tesla into a multinational EV producer. They have been much less concerned in autonomous car technology at Tesla. 

Baglino wrote in a article on X:

“I created the hard determination to shift on from Tesla right after 18 a long time yesterday. I am so thankful to have worked with and figured out from the numerous exceptionally proficient people today at Tesla above the decades. I beloved tackling virtually every single trouble we solved as a team and truly feel gratified to have contributed to the mission of accelerating the transition to sustainable strength, a mission that I am pretty passionate about.”

Musk responded on the platform, “Thanks for every thing you’ve finished for Tesla. Couple of have contributed as much as you.”

As of Monday early morning, Tesla had not but up to date the “management” facts on its company webpage to mirror Baglino’s departure.

Patel wrote in a submit on the social network, “The earlier 8 several years at Tesla have been loaded with each individual emotion — but the feeling I have today is utmost gratitude,” incorporating, “My immigrant parents worked their asses off and as a end result I’m the luckiest dude. Fortunate to have been a section of @BarackObama‘s marketing campaign/administration, and definitely honored to have labored at @Tesla to positively changing numerous industries.”

Musk replied to Patel, declaring, “Thanks for every little thing you’ve finished for Tesla. Substantially appreciated.”

The CEO also stated, in a publish on X on Monday, “About every single 5 yrs, we need to reorganize and streamline the corporation for the future period of development.”

Baglino and Patel ended up not instantly obtainable for comment.





Source

Texas Instruments’ stock falls on weak forecast
Technology

Texas Instruments’ stock falls on weak forecast

The Texas Instruments headquarters in Dallas, Texas, on Jan. 21, 2024. N. Johnson | Bloomberg | Getty Images Texas Instruments reported second-quarter results on Tuesday that beat analysts’ expectations for revenue and earnings. But the stock fell in extended trading due to a third-quarter forecast that missed estimates. Here’s how the chipmaker did versus LSEG […]

Read More
Trump met with Amazon’s Jeff Bezos at the White House last week
Technology

Trump met with Amazon’s Jeff Bezos at the White House last week

Jeff Bezos, founder and executive chairman of Amazon, takes the stage during The New York Times’ annual DealBook Summit, at Jazz at Lincoln Center in New York City on Dec. 4, 2024. Michael M. Santiago | Getty Images President Donald Trump met with Amazon founder Jeff Bezos at the White House last week, CNBC has […]

Read More
Amazon to buy AI company Bee that makes wearable listening device
Technology

Amazon to buy AI company Bee that makes wearable listening device

Amazon logo on a brick building exterior in San Francisco on Aug. 20, 2024. Smith Collection | Gado | Archive Photos | Getty Images Amazon plans to acquire wearables startup Bee AI, the company confirmed, in the latest example of tech giants doubling down on generative artificial intelligence. Bee, based in San Francisco, makes a […]

Read More