On April 24th, Caixin News Agency reported that Tesla, despite poor financial performance, relied on mobilizing market expectations to drive its stock price up after the US stock market closed on Tuesday, becoming the hottest topic in the world today. Many investors are even more convinced that Musk will lead Tesla on a smooth path after concentrating his energy.
However, dramatically, after the financial report meeting, Martin Viecha, who has long served as Tesla's Vice President of Investor Relations, announced that he will end his seven year tenure at Tesla. This is also the third executive from Tesla to announce his resignation within two weeks.
Previously, Drew Baglino, Senior Vice President of Power and Energy at Tesla, and Rohan Patel, Vice President of Public Policy and Business Development, both announced their departure from Tesla. Baglino has been working at Tesla for 18 years and is a Tesla executive familiar to investors and analysts. Patel is one of the key figures in Tesla's India program.
The departure of two executives has already raised doubts about Tesla, and Viecha's sudden statement has sparked considerable controversy among investors. At present, Tesla is considered to be at a critical crossroads, and any slight changes could represent profound changes.
Adhesive disappearance
Viecha has always been a key figure for Tesla to connect with investors, and many investors have worked closely with Viecha.
Shortly after Tuesday's financial report meeting, Viecha posted on X that he had talked to Musk about a month ago and expressed his idea of retiring from the investor relations field. He said he will help Tesla for a few more months to ensure a smooth transition.
Viecha emphasized that his departure was to take a break and spend more time with his family. But his departure still makes many Tesla shareholders feel uneasy, especially those who do not fully understand Musk's behavior and rely solely on Viecha's communication to continue investing.
After the financial report meeting, Wedbush technology analyst Dan Ives had an optimistic outlook that Tesla needed a true "adult," and Musk reliably stepped forward on Tuesday.
But Ross Gerber, CEO of wealth management company Gerber Kawasaki, believes that the market has overestimated Musk's performance and Tesla's prospects. He stated that Viecha is the glue between Tesla's management, shareholders, and investors, and his departure from Tesla at this moment is very concerning.
Gerber pointed out that during this very important transitional period, Tesla's management team is constantly losing experienced executives, which is clearly not optimistic. Although he agrees with Musk's vision outlined, he hopes to see more signals of Musk's unity of words and actions.