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(Bloomberg) — What they see was an unprecedented variety of executives share the stage with Elon Musk, who irked some shareholders by buying Twitter for $44 billion final yr and funding the deal at the very least partly by promoting billions of {dollars} price of Tesla inventory.
Twitter didn’t come up in any respect through the roughly four-hour-long affair, and nobody requested the chief govt officer in regards to the period of time and a spotlight he’s devoting to Tesla relative to the 4 different corporations he runs. However the carmaker despatched a transparent message to these involved about company governance and succession planning by placing 16 different executives in entrance of traders: We’re extra than simply Musk.
Drew Baglino has been Tesla’s de-facto chief expertise officer since co-founder J.B. Straubel left in 2019. He’s considered one of Tesla’s three named executives and has shared the highlight with Musk on earnings calls and previous occasions, together with battery day in September 2020.
CFO Zachary Kirkhorn was given a satirical title together with Musk two years in the past, however the grasp of coin’s concentrate on value discount has been no joke.
Tom Zhu is the carmaker’s most outstanding rising star. He oversaw Asia Pacific operations, was the driving power behind the corporate’s Shanghai plant turning into its best worldwide and took over Tesla’s headquarters manufacturing unit in Austin, Texas, late final yr.
Lars Moravy and Franz von Holzhausen stayed at Tesla by means of years of excessive turnover amongst Musk’s direct experiences. Moravy joined from Honda greater than 13 years in the past. Von Holzhausen was a designer at Volkswagen, Basic Motors and Mazda earlier than becoming a member of Tesla in 2008.
Colin Campbell moved shares of uncommon earth metallic miners and sure chip suppliers together with his feedback on Tesla’s next-generation drive unit. He mentioned the powertrain will scale back silicon carbide use by 75% and that the corporate has designed a everlasting magnet motor that gained’t comprise any uncommon earths.
Pete Bannon briefed traders on how Tesla has taken extra of a hands-on function in designing low-voltage gadgets which might be a part of the wire harnesses different automakers briefly misplaced provide of final yr, after Russia invaded Ukraine. David Lau spoke about how the corporate retains bettering its vehicles by means of over-the-air software program updates and knowledge collected from its fleet.
Ashok Elluswamy offered updates on the merchandise Tesla markets as Autopilot and Full Self-Driving, each of that are assist options reliant on human drivers chargeable for working their car always.
Rebecca Tinucci was considered one of solely two ladies to current on the occasion. She defined how Tesla’s “Magic Dock” has opened its charging stations to different automakers’ EVs.
Karn Budhiraj, who oversees electronics, powertrain and battery provide chain, and Roshan Thomas, who manages car commodities, photo voltaic, logistics, planning and capital tools, elaborated on how Tesla managed by means of provide chain disruptions the previous few years by intently integrating with companions and designing sure elements in-house.
Mike Snyder gave an replace on Megapack, Tesla’s power storage providing for utilities and business prospects.
Ehrhart joined from Dish Community early this yr in considered one of Tesla’s extra vital exterior hires in years. He cryptically instructed traders that they’ll “hear extra from our board on the acceptable time,” with out elaborating on subject material or timing.
Laurie Shelby joined Tesla in 2017 from aluminum producer Alcoa. She performed a job in the corporate’s push to renew manufacturing three years in the past at its manufacturing unit in Fremont, California, in defiance of a county shutdown order Musk described as fascist.
(Updates with extra hyperlink within the fourth paragraph.)
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