Tesla News: Elon Musk Looking To Reorganize Electric Car Company?

Tesla Inc's chief executive officer told employees on Monday the company is undergoing a "thorough reorganization," as it contends with production problems, senior staff departures and two crashes last week involving its electric, self-driving cars. CEO Elon Musk said in an email it was "flattening the management structure to improve communication," combining functions and trimming activities "not vital to the success of our mission" in the reorganization. The company confirmed the note that was disclosed earlier by the Wall Street Journal. Tesla is at a critical juncture as it tries to fix production headaches that have slowed the rollout of its Model 3 sedan, a mid-market car seen as key to the company's success, and as it expands on other fronts. Tesla shares fell 1.3 percent to $297 on Monday.