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Tesla Is Facing a Crucible

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Tesla's Troubling Executive Churn Tests Musk's Management Chops
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Jim Chanos, the short seller famous for betting against Enron, has said he thinks Tesla Inc.’s stock is “worthless.” Chanos got some new evidence this week that may support his short sales against Elon Musk’s car company. A string of executives have headed for the exits, including a surprising number from the company’s finance team, as Tesla is dogged by questions about whether it can meet its production targets.

The chief financial officer left abruptly last year in a curious turn of events, where he was replaced by his predecessor: Deepak Ahuja served as Tesla’s CFO from 2008 to 2015 and then took over the job again in March 2017, according to his LinkedIn. Then late last year, one of Tesla’s audit committee members, Steve Jurvetson, went on leave from the board (following accusations of misconduct, which he has denied). The vice president of business development and director of battery technology both left in the past year. Jon McNeill, one of Tesla’s most senior executives, went to take the chief operating officer job at Lyft Inc. last month. Eric Branderiz, Tesla’s chief accounting officer, departed last week. And Bloomberg reported this week that Susan Repo, the corporate treasurer and vice president of finance, is out.