Tesla, Inc. TSLA has officially crowned Tom Zhu as head of the automotive business of the electric vehicle manufacturer.
What happened: A Power of Attorney Form Tesla’s late Thursday appointment of Zhu as senior vice president, automotive, was effective April 2023. Zhu, who joined the company in April 2014, held various operational roles before being named VP of Greater China , the company said in the filing.
China is Tesla’s largest region from a manufacturing and sales perspective.
Another feather in his cap is his oversight of Giga Shanghai’s factory construction, which went online in record time.
At Investor Day on March 1, it was clear that Zhu would also be responsible for commissioning Tesla’s planned Giga Mexico plant. He was also later found offering news about the construction of the factory.
See also: Everything you need to know about Tesla stock
Analyst Reactions: after disclosure, Ross Gerber from Gerber Kawasaki wealth and investment management said “everything fit as hoped.”
“Some great Tesla news today, very pleased,” he added.
The leadership at Tesla has come under heavy criticism, especially after Musk’s takeover of Twitter. He was convicted for spending a disproportionate amount of his time on the social media platform.
Tesla bulls and supporters have fervently called on him to do so Appoint a Twitter CEO so he could return to his flagship full-time again.
Tesla closed Thursday’s session at $185.06, down 0.25% Benzinga Pro data.
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Continue reading: Elon Musk’s Brother Sold $20M in Tesla Stock This Week: Should It Matter to Investors?
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