'Brain Drain' at Tesla May Undermine Musk's Strategy

'Brain Drain' at Tesla May Undermine Musk's Strategy

The news comes a day after Musk said Tesla was undergoing a "thorough reorganization" as it contends with production problems, senior staff departures and recent crashes involving its electric cars.

The veteran Morgan Stanley analyst likely became a little more pessimistic about Tesla shortly after CEO Elon Musk issued an unusual earnings call May 3 that dismissed concerns about the company's business problems.

The company confirmed the contents of the email, which was first reported on by the Wall Street Journal.

And despite the company's claims that it would not need to raise money, Jonas raised his estimate for Tesla's capital raising to US$3 billion from previous US$2.5 billion, which he continues to expect in the third quarter of this year. That's also why we've taken so many steps to improve this process over time, including an update that prevents a driver from re-engaging Autopilot if they ignore repeated warnings.

Ensuring that drivers stay engaged and alert when using Autopilot is extremely important. "Our thoughts are with the families and friends affected by this tragedy", a Tesla spokesperson told Newsweek at the time.

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"This is false", Musk wrote. "It is not a self-driving system", Musk said. During October, 2017, Musk tweeted that the company was in "production hell" as it tried to streamline Model 3 production.

On Monday, firefighters in Switzerland said a fatal accident involving a Tesla may have set off a fire in the car's battery. The woman also told police that she was looking at his phone before the collision and estimated the speed of the auto at about 60 miles per hour (97 km/h), which is consistent with the testimonies of eyewitnesses.

Whether an Autopilot feature was engaged when a Model S collided with the rear of a stopped fire truck in the USA state of Utah on May 11 remained to be confirmed.

Federal officials have opened investigations into at least two other crashes involving Tesla vehicles in the last two months.

The National Transportation Safety Board said it was not investigating the Utah crash.

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