Taiwanese President Tsai Ing-wen is expected to stop over in the U.S. on Friday on her way back from visiting diplomatic allies in the Caribbean, a move that's sure to make...China Politicsread more
Libra and bitcoin are different in a lot of ways, from the technology behind them to the way they're used.Technologyread more
Stocks in Asia Pacific advanced in Friday afternoon trade, as comments from a U.S. Federal Reserve official led to rising expectations the central bank could ease monetary...Asia Marketsread more
Boeing will take a nearly $5 billion charge in the second quarter to compensate 737 Max customers as the planes remain grounded.Airlinesread more
Earlier, Williams delivered a speech at the annual meeting of the Central Bank Research Association in which he said, "It's better to take preventative measures than to wait...The Fedread more
The base version of the sports car will punch out 495 horsepower, 40 more than the seventh-generation car and enough to launch it from 0 to 60 in "less than three seconds"...Autosread more
Animation fans and Kyoto residents gathered at the site of Japan's worst mass killing in 18 years on Friday, offering flowers and prayers for the 33 people who died in an...Asia Newsread more
Trump said the USS Boxer destroyed Iran's drone in the Strait of Hormuz on Thursday in a "defensive action."Politicsread more
Microsoft beat on top and bottom lines, and guidance was just ahead of expectations, but the company's Azure growth is slowing down.Technologyread more
"We've seen Netflix stumble before, especially maybe after a price hike, but not quite like this," Jim Cramer says.Mad Money with Jim Cramerread more
They also voted to absolve themselves, their party and the voters who elected them – like the ones Trump inspired to chant "send her back" at a rally Wednesday in North...Politicsread more
(Adds background on Hochholdinger, Tesla's production worries, share movement)
June 26 (Reuters) - Tesla Inc's vice president of production in charge of all vehicle manufacturing at Fremont factory, Peter Hochholdinger, is not at the automaker anymore, news website Electrek reported https://electrek.co/2019/06/26/tesla-loses-head-of-production on Wednesday, citing a source familiar with the matter.
Hochholdinger is the latest in a string of high-profile executives to leave Tesla over the past two years as the electric carmaker struggles to ramp up production of Model 3 sedan, which is seen as crucial for its long-term profitability.
Tesla and Hochholdinger did not immediately respond to Reuters' requests for comment.
Demand for Tesla cars is one of the major concerns of investors after the company reported slack demand in the first quarter against the backdrop of U.S.-China trade tensions. Tesla had reported a 31% fall in first-quarter deliveries and had warned that profit would be delayed until the latter half of the year.
Three years ago, Hochholdinger was hired as Tesla's vice president of vehicle production from Volkswagen AG.
Hochholdinger spent 22 years at Audi, Volkswagen's flagship premium brand, where he worked across the entire production chain. He served as an adviser for bringing Audi's new production facility in Mexico.
Tesla is expected to report its second-quarter delivery and production numbers in July. Shares of Tesla fell nearly 1% in premarket trading. (Reporting by Akanksha Rana in Bengaluru; Editing by James Emmanuel)