Baxia Markets
June 10, 2021

Tesla down after a key employee left the company

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Last week, Tesla parted ways with a ten-year veteran who served as president of heavy trucking Jerome Guillen, one of the four top executives running the company.


According to a regulatory filing, Jerome Guillen left the company on June 3rd. He played a significant role in the ramping of Model 3 production in 2018. He served as Tesla's automotive business president and then was named head of heavy trucking in March.


Guillen's unexpected exit leaves Musk, Chief Financial Officer Zachary Kirkhorn, and Drew Baglino, a senior vice president in charge of powertrain and energy engineering, as the three top players at the company, which has more than 70,000 employees globally.


Tesla June 9th 2021


Musk said via a tweet Sunday that Tesla canceled plans to build a longer-range version of its Model S known as Plaid +, a vehicle that was supposed to use the new type of battery.


The CEO didn't address whether the availability of the 4680 factored in Tesla's decision to cancel the upscale version of the flagship sedan. Tesla will debut the standard Plaid model at an event scheduled for June 10th.


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