Tesla CEO Elon Musk May Fire Executives Over China Sales

Sales in China for Tesla Motors Inc TSLA are so disappointing that CEO Elon Musk may fire the company’s overseas executives, according to a Reuters report.

The news comes after Musk commented in January on the sales decline in China which was attributed to misperceptions about battery charging.

Musk is known for being active on Twitter and had been focused on the Space X program lately. The last Tesla-related tweet was on January 29:

Tesla will report its Q4 results on Wednesday following the market close. Analysts are expecting EPS of $0.31 on revenue of $1.23 billion.

Tesla Motors Inc recently traded at $218.61, up 0.52 percent.

Market News and Data brought to you by Benzinga APIs
Comments
Loading...
Posted In: NewsRumorsManagementGlobalElon MuskReuters
Benzinga simplifies the market for smarter investing

Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.

Join Now: Free!