US EditionForbes Daily: Elon Musk Ousts Key Tesla Executive Amid Declining Sales
- Elon Musk fired Omead Afshar, Tesla's vice president for North American and European sales and manufacturing, on June 26 amid falling vehicle sales.
- Afshar's departure followed persistent demand declines in Europe and North America caused by Tesla's aging vehicle line-up and more affordable competitor offerings.
- Afshar, a longtime Musk confidant who led Tesla's Austin factory construction, had recently supported the June 22 launch of Tesla's self-driving taxi service in Austin.
- Tesla reported a 71% drop in first-quarter profits, nearly 28% sales decline in Europe in May, and a 19% share price decrease this year amid a company-wide restructuring.
- Afshar's exit caps multiple executive departures as Tesla shifts focus to AI-driven self-driving technology and robotics while planning to expand robotaxi service amid analyst concerns.
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Homead Afshar, one of the main collaborators and confidants of the billionaire, leaves his position one year after the promotion. Follows Jenna Ferrua, director of Human Resources for North America
·Turin, Italy
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Elon Musk's Closest Confidant, Tesla's Senior Executive Quits
Omead Afshar, a powerful executive at Tesla Inc. and one of Elon Musk's closest confidants, has left the company, according to people familiar with the matter, the latest high-level departure during a volatile period for the electric vehicle maker.
·New Delhi, India
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Total News Sources29
Leaning Left4Leaning Right3Center10Last UpdatedBias Distribution59% Center
Bias Distribution
- 59% of the sources are Center
59% Center
L 24%
C 59%
R 18%
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