Elon Musk is tightening his grip on Tesla [Business Insider]
Tesla, Inc. (TSLA)
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Source: Business Insider
Musk is consolidating power at Tesla as a vote over his $47 billion pay package looms. 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. Tom Zhu, who was previously in charge of Tesla's US plants and sales — effectively making him second in command to Elon Musk — has now been named VP of China, Electrek reports Prior to the move, Zhu had assumed more responsibilities at Tesla as Musk was increasingly occupied by X, according to Electrek. Reuters reported last year that Zhu — who had formerly led the Gigafactory Shanghai manufacturing plant — had been promoted Now, Musk has resumed control of Tesla's North American sales operations, Electrek reports. Tesla did not immediately respond to a request for comment from Business Insider. In recent weeks, Tesla has undergone multiple waves of layoffs and seen the departure of roughly half a dozen top execs , including SVP of powertrain and e
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