Musk says ‘thorough reorganization’ underway at Tesla

Tesla Inc (TSLA.O) chief Elon Musk told employees on Monday the company was undergoing a “thorough reorganization” as it contends with production problems, senior staff departures and recent crashes involving its electric cars. In his email to staff, Musk said Tesla was “flattening the management structure to improve communication,” combining functions and trimming activities “not vital to the success of our mission” in the reorganization. The company confirmed the contents of the email, which was first reported on by the Wall Street Journal. …read more

Source:: Yahoo Finance

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