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Tesla moves key auto executive amidst layoffs and departures

  • Tesla's Senior Vice President of Automotive, Tom Zhu, is reportedly moving back to China to resume his role as SVP of Greater China.
  • This move comes as multiple executives have departed from the company amidst a larger restructuring effort and layoffs.
  • Zhu played a crucial role in helping Giga Shanghai ramp up production and oversaw manufacturing and sales globally as SVP of Automotive.
  • Tesla recently gained tentative approval for its Full Self-Driving software in China, which could generate significant earnings in the Chinese market.

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