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Tech & Science Tesla has reportedly lost its top lawyer for the third time in the past year

18:28  12 december  2019
18:28  12 december  2019 Source:   businessinsider.com.au

Elon Musk said in a leaked email to Tesla employees that delivering cars and installing solar roofs are his top priorities for the end of the year

  Elon Musk said in a leaked email to Tesla employees that delivering cars and installing solar roofs are his top priorities for the end of the year Fulfilling customer orders and installing more solar products are Tesla CEOElon Musk's two biggest priorities for the electric-car maker for the end of this year, Musk said Wednesday in an internal email obtained by Business Insider. "The first is making sure all cars are delivered to their customers before end of year," Musk said of his priorities for December. "The second, just as important, is that we immediately increase the rate of solar deployments by a significant degree." In October, Tesla said it expected to set another quarterly delivery record during the final three months of this year.

After lurching from crisis to crisis last year , Tesla appeared to have found its footing in January when it reported its second consecutive quarterly profit and said it had more than enough cash to pay off bonds coming due in March. The calm did not last.

Tesla is losing its general counsel two months after hiring him, replacing the veteran trial lawyer with a longtime insider who helped the electric car company navigate some of its News Corp is a network of leading companies in the worlds of diversified media, news, education, and information services.

a screenshot of a cell phone: Former Tesla general counsel Jonathan Chang's LinkedIn profile. Former Tesla general counsel Jonathan Chang's LinkedIn profile.
  • Tesla's general counsel, Jonathan Chang, has left the company, Bloomberg's Dana Hull reported.
  • Chang's departure marks the third time a top lawyer at Tesla has left the electric-car maker in the past year.
  • Tesla is known for its high rate of executive turnover, which has exceeded that of other high-profile tech companies, according to an August research note from AllianceBernstein.
  • This year has also seen the departure of CTO JB Straubel, CFO Deepak Ahuja, and vice president of production Peter Hocholdinger.
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  • Visit Business Insider's homepage for more stories.

Tesla's general counsel, Jonathan Chang, has left the company,Bloomberg's Dana Hull reported.

Elon Musk drove the controversial Tesla Cybertruck in Los Angeles 2 years before its planned release

  Elon Musk drove the controversial Tesla Cybertruck in Los Angeles 2 years before its planned release Tesla CEOElon Musk drove the electric-car maker's Cybertruck in Los Angeles on Saturday, TMZ reported. Another video posted on YouTube shows the Cybertruck driving on the 405 freeway that night, though Musk is not visible. Photos and videos from TMZ show Musk in the vehicle at the restaurant Nobu. When leaving the restaurant, Musk appeared to disobey and knock down a sign instructing drivers to make only right turns while making a left turn. Sign up for Business Insider's transportation newsletter, Shifting Gears, to get more stories like this in your inbox. Visit Business Insider's homepage for more stories.

By those measures, Tesla — a company that lost 3 million last year — is indeed off the charts. And to the dismay of short-sellers, who believe they have ample rational reasons to bet against such stocks, their share prices can stay in the stratosphere for years , even decades.

Before joining Tesla in 2011, Chang was its outside counsel at law firm Latham & Watkins. Butswinkas is the latest among the dozens of high-profile executives to leave Tesla over the past two years Tesla , which last month missed Wall Street profit targets for the last quarter of 2018, said Investors continue to worry whether Tesla , which has never posted an annual profit, would be able to

Chang's departure marks the third time Tesla's top lawyer has left the electric-car maker in the past year. Dane Butswinkas, Chang's predecessor, left the company in February after just two months in the role. Butswinkas followed Todd Maron, who held the position from 2014 until the end of 2018.

Chang's final day was December 6, according to Bloomberg's report. He joined Tesla in 2011, according to his LinkedIn profile, and will reportedly work next at SambaNova as its general counsel.

Tesla, Chang, and SambaNova did not immediately respond to Business Insider's requests for comment. Bloomberg reported that Tesla did not respond to its questions about Chang's departure and his replacement.

Chang's tenure as Tesla's general counsel overlapped with two high-profile legal issues: an allegation from the Securities and Exchange Commission that Tesla CEO Elon Musk had violated their 2018 settlement by tweeting a projection about the company's 2019 production numbers, and a lawsuit from Walmart alleging that Tesla failed to address issues with solar panels that caught fire. Both disputes ended in settlements.

Some 1,100 car shoppers said they'd rather buy an electric pickup truck from Ford or GM than Tesla's Cybertruck — but there's a silver lining for Tesla in the survey

  Some 1,100 car shoppers said they'd rather buy an electric pickup truck from Ford or GM than Tesla's Cybertruck — but there's a silver lining for Tesla in the survey Tesla's Cybertruck may have a hard time converting Ford F-150 and Chevrolet Silverado owners, but it might open up a new segment of the pickup-truck market, according to a survey from the automotive research site Autolist. The roughly 1,100 respondents were asked, assuming they had to buy one and their specs were similar, whether they would prefer General Motors' upcoming electric pickup truck, the electric version of Ford's F-150, the Rivian R1T, or Tesla's Cybertruck. The Cybertruck received the fewest votes overall, and performed even worse among current or former pickup truck owners.

Tidal leader Jeff Toig has reportedly left the company, even though he had only been in the top spot for just over a year . Since launching in the fall of 2014, Tidal has attracted more attention for stumbles and things like lost CEOs than as a leader in the streaming game.

Tesla has lost .8 billion over the past year and a half. Not only that, but the losses are accelerating. The company has suffered a record loss during each of the past five Most stock quote data provided by BATS. Market indices are shown in real time , except for the DJIA, which is delayed by two minutes.

Tesla is known for its high rate of executive turnover, which has exceeded that of other high-profile tech companies, according to an August research note from AllianceBernstein. This year has also seen the departure of CTO JB Straubel, CFO Deepak Ahuja, and vice president of production Peter Hocholdinger.

Read Bloomberg's full story here.

Are you a current or former Tesla employee? Do you have an opinion about what it's like to work there? Contact this reporter at mmatousek@businessinsider.com. You can ask for more secure methods of communication, like Signal or ProtonMail, by email or Twitter direct message.

  • Read more:
  • Inside Tesla's overhaul plan for its sales and delivery teams to solve one of its toughest customer challenges
  • Why the Cybertruck is a breakthrough for Tesla and designer Franz von Holzhausen
  • Some 1,100 car shoppers said they'd rather buy an electric pickup truck from Ford or GM than Tesla's Cybertruck - but there's a silver lining for Tesla in the survey
  • Elon Musk's mother unearthed a 1995 photo of him fixing a car window, and he joked he's come 'full circle' with Cybertruck

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