One of Tesla's top executives has been reassigned to China in another sign that Elon Musk is tightening his grip on the electric carmaker. The executive, who was previously in charge of Tesla's US plants and sales, has now been named VP of China. This move comes as Musk has been increasingly occupied by other ventures.
According to reports, the executive had previously led the Gigafactory Shanghai manufacturing plant and had been promoted last year. With this reassignment, Musk has resumed control of Tesla's North American sales operations, indicating a consolidation of power within the company.
In recent weeks, Tesla has experienced multiple waves of layoffs and the departure of several top executives. This has provided Musk with the opportunity to make changes within the company. Despite facing challenges such as a court overturning his 2018 CEO performance award, Musk is focusing on reshaping Tesla's future.
Reports suggest that Musk is emphasizing AI technology and robotaxis as key areas of development for Tesla. Despite disappointing earnings figures last quarter, Tesla's stock price surged after Musk announced plans for more affordable electric vehicles and hinted at his robotaxi ambitions.
