Top Tesla Motors exec in China leaves company


Tesla Motors (TSLA) announces that its general manager in China has departed the company.

Kingston Chang joined Tesla from Volkswagen about a year ago.

The reasons for Chang's exit weren't disclosed.

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Comments (29)
  • Dan Fichana
    , contributor
    Comments (1918) | Send Message
     
    And... In other news Elon Musk sneezed.

     

    C'mon people companies for a variety of reasons.

     

    Does it get reported when a general manager leaves any other company?
    31 Mar 2014, 07:18 AM Reply Like
  • 3D Investing
    , contributor
    Comments (1552) | Send Message
     
    Should come as no surprise. Everyone in the market is critical of TSLA regardless of what the news is.
    31 Mar 2014, 07:26 AM Reply Like
  • Dmitry Kovalchuk
    , contributor
    Comments (412) | Send Message
     
    Of course it does, Check $BBRY for example.
    31 Mar 2014, 07:26 AM Reply Like
  • Frank Greenhalgh
    , contributor
    Comments (4557) | Send Message
     
    Now it looks like Panasonic is might be building its own Gigafactory!
    http://bloom.bg/1iDutge
    31 Mar 2014, 07:44 AM Reply Like
  • Mr. Cat
    , contributor
    Comments (316) | Send Message
     
    Fgrindle,
    Would you please tell me which part of the reports linked by you has shown that Panasonic "is might be building it's own Gigafactory"?
    Frankly, I can't find the least hint from reading it.
    31 Mar 2014, 07:57 AM Reply Like
  • Johnny04
    , contributor
    Comments (187) | Send Message
     
    If this is true, it's not wise of Panasonic. The reason its stock it hasn't dropped is that Tesla hasn't kicked it to the curb. If it just volunteered to be on the curb, that's suicidal.
    31 Mar 2014, 09:37 AM Reply Like
  • surferbroadband
    , contributor
    Comments (5251) | Send Message
     
    Fgrindle, that is an old article. Dated October 31,2013. And there is no mention of Panasonic building its own gigafactory. Stop spreading FUD.
    31 Mar 2014, 12:27 PM Reply Like
  • Frank Greenhalgh
    , contributor
    Comments (4557) | Send Message
     
    Yes the part where the President said:
    Another 18 billion yen will be invested in the business that makes rechargeable batteries for cars, company President Kazuhiro Tsuga said at a briefing today. That’s in addition to the 13 billion yen announced earlier this year.
    Thats the equivalent of $300 million, no wonder he has no money for the gigafactory. They only made $1 billion profit last year.
    31 Mar 2014, 05:23 PM Reply Like
  • slevental
    , contributor
    Comments (956) | Send Message
     
    Which country is most important to Tesla's future, Norway or China?
    31 Mar 2014, 07:56 AM Reply Like
  • rockinghorse
    , contributor
    Comments (351) | Send Message
     
    Norway. Norway will be first significant area with high density of electric vehicles. This will give very significant information for Tesla how near future electric vehicle ecosystem will function in real life.
    31 Mar 2014, 08:43 AM Reply Like
  • lordramadan
    , contributor
    Comments (157) | Send Message
     
    @ rockinghorse

     

    The population of Norway is 5 Million - GDP at 290 billion $

     

    China is 1.3 billion people with GDP of 15 trillion $

     

    EV share in Norway is already at 10% with 58% Leaf and 22% Tesla in 2013

     

    This is due mostly to no Taxes on EVs in Norway, driving in the bus lane, free parking for EVs and no annual fees...(these are all not sustainable)

     

    So tell me how is Norway more important than China for Tesla's future...
    31 Mar 2014, 11:11 AM Reply Like
  • Frank Greenhalgh
    , contributor
    Comments (4557) | Send Message
     
    Panasonic said:Another 18 billion yen will be invested in the business that makes rechargeable batteries for cars, company President Kazuhiro Tsuga said at a briefing today. That’s in addition to the 13 billion yen announced earlier this year.
    Seems like they are investing in their own plant build up.
    31 Mar 2014, 08:41 AM Reply Like
  • rockinghorse
    , contributor
    Comments (351) | Send Message
     
    Panasonic is planning to invest 200 billion yen on Tesla gigafactory. There is more than order of magnitude difference in investment volumes.
    31 Mar 2014, 08:45 AM Reply Like
  • Frank Greenhalgh
    , contributor
    Comments (4557) | Send Message
     
    Panasonic is NOT going to invest in the Tesla Gigafactory. They really have no reason to. They only made $1 billion in total profit last year. They have Tesla's business guaranteed for three years, or more if the Gigafactory isn't completed.
    31 Mar 2014, 09:24 AM Reply Like
  • Evening investor from China
    , contributor
    Comments (91) | Send Message
     
    EV is the future and I would do the same if I manage Panasonic. Build a gigafactory for Tesla and then get squeezed to single digit margin as OEM? I'd be out of my mind. But apparently, Tesla longs believe Musk is able to mesmerize and stupify people.......
    31 Mar 2014, 09:42 AM Reply Like
  • Tales From The Future
    , contributor
    Comments (7615) | Send Message
     
    rockinghorse wrote: "Panasonic is planning to invest 200 billion yen on Tesla gigafactory."

     

    Nothing was confirmed yet. Otherwise you know more than Panasonic's CEO.

     

    Even if Panasonic agrees, they will probably want better contract terms from TSLA first.

     

    TSLA is in a hurry to make the 2017 date (Gen III car), Panasonic isn't. Panasonic has enough know-how to supply any other car company doing EVs in the future, why get married to TSLA and assume a lot of risk?

     

    Other car companies could maybe also offer better terms for Panasonic long-term.
    31 Mar 2014, 09:56 AM Reply Like
  • David at Imperial Beach
    , contributor
    Comments (4381) | Send Message
     
    The very article you cite says Tesla's business is worth $7 Billion to them. If they want to continue the relationship after 2017 they've got to pony up the bucks for a gigafactory, either on their own or with Tesla's leadership. It seems to me that they would do whatever it will take to keep this business going.
    31 Mar 2014, 10:12 AM Reply Like
  • Tales From The Future
    , contributor
    Comments (7615) | Send Message
     
    "says Tesla's business is worth $7 Billion to them."

     

    Revenue is one side, the other is profit. Panasonic wants/needs better operating margins going forward - they only made money because they had written down the former Sanyo plants before.
    31 Mar 2014, 10:58 AM Reply Like
  • karenbcz
    , contributor
    Comments (14) | Send Message
     
    "left for personal reasons" ... ROFLMAO! He's prolly gonna TRY to make a copy of TESLA. One thing I won't be doing is buying a car "made in china". Clothes are bad enuf.
    31 Mar 2014, 08:44 AM Reply Like
  • Tales From The Future
    , contributor
    Comments (7615) | Send Message
     
    I wouldn't generalize. There's a wide range of quality coming out of China. The iPhone and most other smartphones are also made in China to very strict QC levels.

     

    BYD and other Chinese car companies are catching up quickly - similar to Japan and South Korea a few decades ago.

     

    China and SK/Japan already lead in (EV) battery manufacturing today.
    31 Mar 2014, 08:47 AM Reply Like
  • Evening investor from China
    , contributor
    Comments (91) | Send Message
     
    It's interesting to see people suddenly regained the knowledge that there are copy cats and innovators out there! They were certainly put into deep day dream by Musk!
    31 Mar 2014, 09:44 AM Reply Like
  • aging by the second
    , contributor
    Comments (246) | Send Message
     
    Elon Musk was looking good yesterday evening on CBS's 60 minutes. CBS seemed to be in enthralled with Musk, and Tesla and his other accomplishments.
    31 Mar 2014, 08:48 AM Reply Like
  • 123man
    , contributor
    Comments (1649) | Send Message
     
    "CBS seemed to be enthralled with Musk" - it would appear from the report that CBS"s excitement is justified - his accomplishments are extraordinary - what I learned from the report was how close Tesla came to not being, Space X also - so give the man kudos for hanging in there to his last dollar - not many including myself would have the fortitude to do that, which simply proves that he puts priority on advancing mankind ahead of moneykind - 3 space dockings at phenomenal savings, the Model S and soon the Model X and Gen !!! - I'll bet with him on the gigafactory -
    31 Mar 2014, 08:57 AM Reply Like
  • Frank Greenhalgh
    , contributor
    Comments (4557) | Send Message
     
    Musk showed that he loves to skate on thin ice. One of these days the ice will crack. The Gigafactory now is the vulnerable area where Musk must perform magic or fail.
    31 Mar 2014, 09:28 AM Reply Like
  • Johnny04
    , contributor
    Comments (187) | Send Message
     
    Where there is a will, there is a way.

     

    Musk, unlike others, when he says he's going to do something, he already knows how to do it. He already anticipates the obstacles and know how to get over them. There are few problems that surprise him. He may be skating where you know to be thin ice, but even before he put on his shoes, he knows how to make the ice thicker and already has people working on it.
    31 Mar 2014, 09:51 AM Reply Like
  • Doc's Trading
    , contributor
    Comments (1847) | Send Message
     
    gentlemen...I'm surprised you guys haven't reported the big news about Musk this morning.... He intends to send TSLA cars to Mars first...all colors except red..so you can view them without clashing with the planet's surface color... then sending humans to install the charging stations and finally...."where he's going ...they don't need roads" .
    lol
    31 Mar 2014, 09:31 AM Reply Like
  • accur8bill
    , contributor
    Comments (5) | Send Message
     
    An excellent interview. He came across as self-assured yet humble, showed charming self-deprecating humor.

     

    A fine role model for our grandchildren.
    31 Mar 2014, 09:43 AM Reply Like
  • chipdoctor
    , contributor
    Comments (2663) | Send Message
     
    Reading between the lines in the Panasonic statement -- $7B in sales (to 2017) with 2B cells...sounds like $3.50 / cell. Each cell is about 10W or about $350/KWhr which seems right given the assumption of 7K cells/vehicle for 60 KWhr.

     

    Not sure you are going to make a $30K vehicle with these.
    31 Mar 2014, 12:06 PM Reply Like
  • Evening investor from China
    , contributor
    Comments (91) | Send Message
     
    Kingston Chang resigned in order to "tour around the world and to take more photos"! It's hard to imagine Tesla's future hasn't excite this guy, ..... or there really isn't anything to be excited about?
    1 Apr 2014, 10:08 AM Reply Like
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