Tesla (TSLA) Sees Another Executive Leave amid Falling Sales
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It's worth noting that Landolfi's exit adds to a growing list of high-level departures at Tesla. In July, Troy Jones, the top sales executive in North America, left after 15 years, with Raj Jegannathan stepping into the role, according to Reuters. Other recent exits include Omead Afshar, a close ally of CEO Elon Musk who oversaw sales and manufacturing in North America and Europe; Milan Kovac, head of the Optimus humanoid robot project; top battery executive Vineet Mehta; and software chief David Lau. These departures come at a time when Tesla is facing operational challenges and making key strategic shifts.
Financial pressures are also weighing on the company. In July, Tesla reported its biggest quarterly sales drop in more than a decade and profits that missed Wall Street expectations, although its vehicle manufacturing margins were stronger than feared. Still, Musk warned that cuts in U.S. government support for EV makers could result in 'a few rough quarters,' but he expects a boost in revenue from self-driving software and related services starting in late 2026.
What Is the Prediction for Tesla Stock?
Turning to Wall Street, analysts have a Hold consensus rating on TSLA stock based on 14 Buys, 15 Holds, and eight Sells assigned in the past three months, as indicated by the graphic below. Furthermore, the average TSLA price target of $307.23 per share implies 9.7% downside risk.
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