Elon Musk: 'High quality' at Tesla will continue despite executive departure
Tesla Motors Inc. Chief Executive Elon Musk vowed to keep the company on track on Wednesday following news Vice President of Production Greg Reichow is taking a leave of absence. "Greg and the team deserve a lot of credit for building an all-new manufacturing organization from the ground up and for making Model S and Model X a reality. We're confident that with the strength of the team, high-quality manufacturing at Tesla will continue," Musk said in a statement. Reichow has been with Tesla for more than five years and has led the production team for the past three years. Earlier Wednesday, Bloomberg reported that Josh Ensign, vice president of manufacturing, would also leave. Tesla shares added to losses after the news. The company is expected to report first-quarter results after the bell, with many expecting wider losses for the electric-car maker.
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