Latest news with #Landolfi
Business Insider
12-08-2025
- Automotive
- Business Insider
Tesla (TSLA) Sees Another Executive Leave amid Falling Sales
Piero Landolfi, Tesla's (TSLA) director of service for the North American market, has left the EV company after almost nine years, becoming the latest executive to depart as the automaker deals with falling sales. In a LinkedIn post on Sunday, Landolfi said that leaving was difficult because of Tesla's 'first principle thinking' and its strong 'getting stuff done mentality.' Nevertheless, his profile shows that he has now joined Nimble, which is a company focused on AI robotics and autonomous e-commerce technology, as senior vice president of operations. Elevate Your Investing Strategy: Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence. 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.
TimesLIVE
12-08-2025
- Automotive
- TimesLIVE
Tesla's North America service chief exits company
Piero Landolfi, Tesla's director of service for the North American market, has left the EV maker after nearly nine years, joining an exodus of executives from the company grappling with a drop in sales. Leaving Tesla was hard due to "the first principle thinking and the getting stuff done mentality" at the company, Landolfi said in a LinkedIn post on Sunday. Landolfi has joined AI robotics and autonomous e-commerce technology company Nimble as its senior vice president of operations, per his LinkedIn profile. His move is the latest departure from the electric carmaker, joining Troy Jones, Tesla's top sales executive in North America, who left in July after 15 years with the company. Raj Jegannathan, a senior executive with a wide purview including several IT and data functions, recently took over the sales role, Reuters reported exclusively last month. Other key figures who left include Omead Afshar, Tesla CEO Elon Musk's confidant, who was in charge of sales and manufacturing operations in North America and Europe. Milan Kovac, the head of Tesla's Optimus humanoid robot team, announced he was leaving in June. Other recent departures include top battery executive Vineet Mehta and software chief David Lau. Musk's EV maker posted the worst quarterly sales decline in more than a decade and profit that missed Wall Street targets in July. Its profit margin on making cars, however, was better than many feared. Musk had said US government cuts in support for EV makers could lead to a "few rough quarters" for Tesla before a wave of revenue from self-driving software and services begins late next year.
Time of India
12-08-2025
- Automotive
- Time of India
Tesla's North American director of service leaves EV maker
Tesla 's director of service for the North American market has left the EV maker after nearly nine years, joining an exodus of executives from the company grappling with a drop in sales. Leaving Tesla was hard due to "the first principle thinking and the getting stuff done mentality" at the company, Landolfi said in a LinkedIn post on Sunday. Landolfi has now joined AI robotics and autonomous e-commerce technology company Nimble as its senior vice president of operations, per his LinkedIn profile. His move is the latest of a string of departures from the electric carmaker, joining Troy Jones, Tesla's top sales executive in North America, who left in July after 15 years with the company. Raj Jegannathan, a senior executive with a wide purview including several IT and data functions, recently took over the sales role, Reuters reported exclusively last month. Other key figures who left include Omead Afshar, Tesla CEO Elon Musk 's confidant, who was in charge of sales and manufacturing operations in North America and Europe. Milan Kovac, the head of Tesla's Optimus humanoid robot team, announced he was leaving in June. Other recent departures include top battery executive Vineet Mehta and software chief David Lau. Musk's EV maker posted the worst quarterly sales decline in more than a decade and profit that missed Wall Street targets in July; its profit margin on making cars, however, was better than many feared. Musk had said that US government cuts in support for EV makers could lead to a "few rough quarters" for Tesla, before a wave of revenue from self-driving software and services begins late next year.
Yahoo
11-08-2025
- Automotive
- Yahoo
Tesla's North American director of service leaves EV maker
(Reuters) -Piero Landolfi, Tesla's director of service for the North American market has left the EV maker after nearly nine years, joining an exodus of executives from the company grappling with a drop in sales. Leaving Tesla was hard due to "the first principle thinking and the getting stuff done mentality" at the company, Landolfi said in a LinkedIn post on Sunday. Landolfi has now joined AI robotics and autonomous e-commerce technology company Nimble as its senior vice president of operations, per his LinkedIn profile. His move is the latest of a string of departures from the electric carmaker, joining Troy Jones, Tesla's top sales executive in North America, who left in July after 15 years with the company. Raj Jegannathan, a senior executive with a wide purview including several IT and data functions, recently took over the sales role, Reuters reported exclusively last month. Other key figures who left include Omead Afshar, Tesla CEO Elon Musk's confidant, who was in charge of sales and manufacturing operations in North America and Europe. Milan Kovac, the head of Tesla's Optimus humanoid robot team, announced he was leaving in June. Other recent departures include top battery executive Vineet Mehta and software chief David Lau. Musk's EV maker posted the worst quarterly sales decline in more than a decade and profit that missed Wall Street targets in July; its profit margin on making cars, however, was better than many feared. Musk had said that U.S. government cuts in support for EV makers could lead to a "few rough quarters" for Tesla, before a wave of revenue from self-driving software and services begins late next year.
