Tesla turbocharges delivery, but investors want profits – The Wall Street Journal
Tesla probably produces the sexiest electric cars on earth. The sporty versions are sleek and fast and its branding appeals to the wealthier set. After disappointing analysts in the first quarter, South Africa-born tech entrepreneur Elon Musk pulled a rabbit out of the hat this week when his company revealed that it had delivered vastly more vehicles than this time last year. But, Musk has let down investors so many times that these manufacturing figures have failed to impress. Analysts want to see profits. And they are tiring of Musk's antics on Twitter and his management style. Earlier, it emerged that many of Musk's key employees are leaving for pastures greener. As thestreet.com reports, Jan Oehmicke, the former CEO of BMW's financing unit in France who was hired last May, has quit. That departure follows that of Peter Hochholdinger, Tesla's former head of vehicle production at its Freemont, California facility, who was named Lucid Motors VP of manufacturing. As many as 60 executives have left the company this year, according to Yale University's Jeffrey Sonnenfeld. – Jackie Cameron
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