Tesla cofounder JB Straubel is stepping down as chief technology officer, leaving Elon Musk as the sole remaining cofounder
Tesla CTO JB Straubel at a ribbon-cutting for a Supercharger station outside of the Tesla Factory in August 2013 in Fremont, California.Elon Musk has a reputation for startling news, but his announcement that fellow Tesla cofounder JB Straubel is stepping down as chief technology officer was particularly significant: it marks the end of an era that saw the company evolve from a shoestring Silicon Valley garage startup to the world’s leading electric vehicle maker.
Straubel is “transitioning to a senior adviser from the CTO role and Drew Baglino will be taking over most of JB's responsibilities,” Musk told analysts and investors. “I'd like to thank JB for his fundamental role in creating and building Tesla. If we hadn't had lunch in 2003 Tesla wouldn't exist, basically.”
“I'm not disappearing,” he said. “I want to make sure that people understand that this is not about some lack of confidence in the company or the team or anything like that. I love the team, I love the company and I always will.” His departure from day-to-day work may not have arisen from workplace disagreements or dissatisfaction, but it extends a worrisome trend: Tesla’s inability to retain a significant core of long-term veterans in top management roles.
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