To anyone familiar with Elon Musk's brief, troubled career as CEO of PayPal, the troubles at Tesla Motors, his electric-car startup, seem all too predictable. As does his spin on his decision to lay off dozens of employees, close Tesla's Detroit office, postpone a new model, and replace Ze'ev Drori as CEO. Musk blames…
Here's the narrative you're going to hear about Tesla Motors, the Silicon Valley electric-car company which is prepping layoffs and replacing its CEO: The company's founding investor sweeps in to save the day. It is true that Elon Musk, the company's main financial backer, is stepping in to replace CEO Ze'ev Drori,…
In our inbox, rumor of a staggering blow to one of Silicon Valley's new growth industries: Tesla Motors, a tipster tells us, is laying off 100 people, about half of its staff. CEO Ze'ev Drori is also leaving, he claims. Update: Tesla VP Darryl Siry called Wednesday morning to tell us that the number our tipster…
Tesla Motors plans to break ground on a 600,000-sq. ft. factory on an 89-acre plot of land in San Jose, according to company officials. The electric-car manufacturer is banking on $250 million in financing from Goldman Sachs and the Department of Energy to build the facility, on top of the $15 million or more in tax…
