The executive leading Tesla’s Cybertruck business is leaving the Elon Musk-led automaker after eight years.
Siddhant Awasthi, the program manager for Tesla’s Cybertruck and Model 3, said on LinkedIn that it wasn’t an easy decision to depart the company. He did not provide details on what he will be doing next.
Awasthi said he began as an intern at Tesla and was involved in 鈥渞amping up Model 3, working on Giga Shanghai, developing new electronics and wireless architectures, and delivering the once-in-a-lifetime Cybertruck – all before hitting 30. The icing on the cake was getting to dive back into Model 3 work toward the end.鈥�
Last month Tesla announced that it was recalling more than 63,000 in the U.S. because the front lights are too bright, which may cause a distraction to other drivers and increase the risk of a collision.
In March U.S. safety regulators virtually all Cybertrucks on the road. The NHTSA鈥檚 recall, which covered more than 46,000 Cybertrucks, warned that an exterior panel that runs along the left and right side of the windshield can detach while driving, creating a dangerous road hazard for other drivers, increasing the risk of a crash.
Tesla reported a fourth straight decline in in October, even as sales rose. The automaker reported third-quarter earnings plunged 37% to $1.4 billion, or 39 cents a share, from $2.2 billion, or 62 cents a share, a year earlier. That marked the fourth quarter in a row that profit dropped. And even the revenue rise, a welcome relief from a sales plunge earlier in the year due to anti-Musk boycotts, came with a significant caveat: Customers rushed to take advantage of a $7,500 federal EV tax credit before it expired on Oct. 1, possibly stealing sales from the current quarter.
While Tesla continues to have difficulties, last week Musk a shareholder vote that would give him stock worth $1 trillion if he hits certain performance targets over the next decade. More than 75% of voters approved the plan as shareholders gathered in Austin, Texas, for their annual meeting.
The vote was a resounding victory for Musk, showing investors still have faith in him as with plunging sales, market share and profits in no small part due to Musk himself. Car buyers fled the company this year as he has both in the U.S. and Europe, and .
Tesla’s stock rose more than 2% before the market open on Monday.
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