Categories Technology

Tesla’s information chief Gary Clark steps down

Tesla’s (TSLA) Chief Information Officer Gary Clark is leaving the company as part of its restructuring plan to achieve profitability in the second half of the year, according to Electrek. Clark had joined Tesla in early-2017, replacing Jay Vijayan, who left the company in January 2016. Tesla shares were up 1.45% in premarket trading today.

Tesla didn’t have positions of Chief Operating Officer or Chief Marketing Officer until recently. Last month, CEO Elon Musk had announced a 9% workforce reduction to turn the company’s results from a loss to profit.

The job-cut has affected nearly 46,000-odd employees. The program included a major management reshuffle, including flattening of the management.

The company’s elite class is now limited to Elon Musk, technology chief JB Straubel, and people chief Gabrielle Toledano. Tesla is yet to find a replacement for accounting chief Eric Branderiz after he left the company in March.

During early 2016, several of the company’s IT managers and executives departed due to an uncertain future. Information technology remained the main part of the company as Tesla focused on building its own internal enterprise software. Due to this and higher expectations from the company, employees had a tough time in keeping their position steady at Tesla.

Shares of Tesla ended Thursday’s regular trading session up 1.58% at $349.93 on the Nasdaq. The stock had been trading between $244.59 and $389.61 for the past 52 weeks.

Most Popular

Netflix (NFLX): Four reasons why this leader will not be easy to overthrow

Netflix (NASDAQ: NFLX) has for long been the undisputed king of the streaming space. The streaming industry is seeing massive growth with several new players entering the field. It also

Fastenal (FAST) sees strong post-COVID prospects: Is the stock a buy?

The demand for services that involve minimal human interaction is on the rise as people continue to practice social distancing. Fastenal Co. (NASDAQ: FAST), a market-leading supplier of vending machines,

HEXO Corp. (HEXO) Earnings: 3Q21 Key Numbers

HEXO Corp. (NYSE: HEXO) reported its third-quarter 2021 earnings results today. Net revenue rose 2% year-over-year to CAD22.6 million. Net loss narrowed to CAD20.7 million from a loss of CAD19.5

Tags

Add Comment
Loading...
Cancel
Viewing Highlight
Loading...
Highlight
Close
Top