Tesla Motors replaces CEO with former Flextronics CEO

Aug 13 2007, 2:00am CDT | by Luigi Lugmayr

In a message from Elon Musk, Chairman of Tesla Motors, Inc. a change of the company's leadership is announced.

Michael Marks, former CEO of Flextronics and an early investor in Tesla Motors, will become interims CEO. He takes over from Tesla Motors founder Martin Eberhard who will take the role as President of Technology. Tesla Motors is looking for a new CEO since early 2007. They are continuing to the search for a permanent CEO.

To replace a founder CEO is nothing unusual at this stage of a company. Tesla needs to grow in the wake of the release of the first Tesla Roadster.

Tesla Motors already has 250 employees and got over 500 2008 Roadster reservations.
Via this Tesla Motors press-release.

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Luigi Lugmayr
Luigi is the founding chief Editor of I4U News and brings over 15 years experience in the technology field to the ever evolving and exciting world of gadgets. He started I4U News back in 2000 and evolved it into vibrant technology magazine.
Luigi can be contacted directly at ml@i4u.com. Luigi posts regularly on LuigiMe.com about his experience running I4U.