Receives the share of electric car production company Teslawith the opening of Wall Street, after the new confrontation between its billionaire owner, Maskwith US President Donald Trump, for US budget policy.
Around 16.35 (Greek time), Tesla’s share fell to $ 296.61, with a drop of 6.62%. At the same time, Managing Director Elon Musk has undertaken sales supervision in Europe and the US, leaving Deputy and Senior Vice President Tom Zhu in Asia, following the high profile of Omead Afshar, according to Bloomberg sources.
Afshar was responsible for sales and construction activities in North America and Europe, but the long -standing Musk deputy abandoned the EV (electric cars) manufacturing company last month, the latest high -ranking executive who is leaving Tesla.
With the departure of Afshar, Musk and Zhu are essentially sharing his responsibilities, and Zhu, based in China, will oversee Tesla’s construction activities worldwide, people who know, refusing to be named by discussing private information.
The focus of Musk in Europe is important, as Epirus is today the weakest market of the electric vehicle manufacturer. The billionaire said in May during an interview with Bloomberg News at the Qatar Economic Forum. Only 512 new Teslas was classified in the United Kingdom in April, reduced by 62% compared to a year earlier, while Denmark, the Netherlands and Sweden were even greater than the previous year.
In May, Tesla’s total sales in Europe declined for a fifth consecutive month, almost 30%, as the wider EV market there was expanded by about the same amount.
Although Musk pledged to return his focus to Tesla after his passage from Washington, Musk’s political relations and his involvement in Trump’s spending efforts have hurt the image of the Tesla brand in Europe. Tesla’s aged range of vehicles and the lack of hybrid models have also made it less competitive than the emerging Chinese automakers such as byd Co.
With Zhu now responsible for the worldwide construction, his immediate references include Hrushi Sagar, who oversees Tesla’s factory in Fremont, California, and Jason Shawhan, who oversees Texas Gigafactory, said people who know the reference lines. Troy Jones remains Vice President of North America sales and now refers to Musk, people said, refusing to speak publicly about the matter. It is not clear whether the administrative structure is a permanent decision or whether the reference lines could still change.
ZHY joined Tesla in April 2014 and quickly climbed into the hierarchy, abbot of the successful construction and launch of the company’s first overseas factory in Shanghai as Vice President of the Greater China. In April 2023, he was promoted to a senior vice -president of the automotive industry, extending his responsibilities to world production, sales, deliveries and service and moving to the US.
Zhu was transferred to China last year, in a more regional orientation role, as Tesla faced a series of technological and regulatory obstacles to launch advanced driver assist functions.
The Chinese authorities have since published a draft guidelines on the transmission of car data abroad, a move that may be paved the way for the wider spread of advanced Tesla driver assist functions in the country.
Tesla is going to announce the second quarter traditions this week. EV deliveries are estimated to be reduced by 19% annually to 360,000 points, JP Morgan analyst wrote in his note. Meanwhile, Tesla’s traditions in the first quarter were at almost three years low.