A “key engineer” involved in the company’s battery design has left Tesla Inc. , according to a CNBC report late Monday. Ernesto Villanueva, who holds “numerous” patents and helped design the battery modules that power all Tesla vehicles, left the company last year, CNBC said, citing a person familiar with what occurred. Tesla has declined to comment and Villanueva could not be reached for comment, the report said. Tesla last week filed to tap the asset-backed market for the first time amid concerns about its ability to churn out Model 3 sedans at the rate it has targeted. Tesla shares fell 0.5% in late trading after ending the regular session up 2%.
Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
From:: Stock Market News