VW Executive Purge Stokes Unease Among Investors Envying Tesla

(Bloomberg) — For years, two knocks against Tesla Inc. were that a constant churn of executive turnover would catch up to Elon Musk, and that an onslaught of electric models from Volkswagen AG and others would put him in his place.Now, the tables have turned.VW’s electric offensive has sputtered, with software issues plaguing its battery-powered ID.3. And it’s the German giant whose executive suites are turning over: in a matter of days, its trucks chief resigned, the leader of its van unit was demoted and its head of software was reassigned.Even Chief Executive Officer Herbert Diess’s job looked insecure for …read more

Source:: Yahoo Finance

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