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Thursday, 8 February 2018

Finance: A Tesla exec is leaving to be COO of Lyft (TSLA)

FILE PHOTO: An illuminated sign appears in a Lyft ride-hailing car in Los Angeles, California, U.S. September 21, 2017. REUTERS/Chris Helgren/File Photo

Elon Musk said he would be effectively taking over Jon McNeill's job as head of sales and service.

  • John McNeill is leaving Tesla to join Lyft as COO, Bloomberg reported.
  • He was head of sales and service at Tesla.
  • The news broke as Tesla was conducting a Q4 earnings call.

Executive leadership changes are usually announced at the top of an earnings conference call, not in the middle of them.

But after Tesla reported lower-than-expected fourth-quarter losses and while CEO Elon Musk was on a call with analysts, Musk announced thatJohn McNeill was leaving the company.

"McNeill was president of global sales and service at Tesla and an influential figure at the automaker," Bloomberg reported.

Musk said that he would be effectively taking over the position and that “there are no plans to search for a replacement.”

McNeill gained some serious attention in the industry when it was reported in 2017 that he would receive a $700,000 bonus if Tesla achieved its goal of producing 5,000 Model 3s per week, The Drive reported.

Tesla fell far short of that goal, so McNeill didn't have the cars he needed to sell.

Finance: A Tesla exec is leaving to be COO of Lyft (TSLA)



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