*By Britt Terrell* Tesla is bleeding top talent, and investors are concerned the electric carmaker can't possibly be profitable by the second half of 2018 as its chief executive Elon Musk predicted. Musk sent a [memo to employees](https://www.wsj.com/articles/tesla-ceo-musk-says-company-is-flattening-management-structure-inreorganization-1526308678) Monday saying he was "flattening" the electric carmaker's management structure as part of a company-wide reorganization. The reorganization comes after Tesla announced that its engineering chief would take a leave of absence and another senior executive left for Waymo, a competitor in the race to develop self-piloted vehicles. "It definitely has an effect and I think you can correctly assume that these people had a lot to do with the company's day-to-day," said Aaron Cole, the managing editor at Motor Authority. "What this means going forward, we're not entirely sure." An analyst at Morgan Stanley recently [cut the company's target price] (https://www.barrons.com/articles/tesla-ford-could-be-stalled-1526395206) from $376 to $291, signaling a loss of faith in the stock as Tesla struggles to hit production targets for its Model 3 vehicle ー the linchpin in Musk's strategy. "There's only so many hours in the day and Musk has said that he's sleeping in the office and that he's doing everything that he can but there's only so much that one person can do," said Cole. For the full interview, [click here](https://cheddar.com/videos/tesla-restructures-as-company-bleeds-talent).

Share:
More In Business
Stretching Your Dollar: End-of-the-Year Tax Questions Answered
Tax season is around the corner as soon as we conclude the holiday festivities. Mark Steber, chief tax information officer with Jackson Hewitt, joined Cheddar News to discuss some tax changes that people should be aware of and what to expect during next year's tax filing season.
Holiday Crafts for Less
Getting crafty for the holidays to entertain guests can be pretty expensive. Cheddar News explains how you can do all of that on a budget.
Stretching Your Dollar: How to Treat Yourself for the Holidays
The holiday season is here and it could be a stressful time as people plan shopping, cooking and traveling. Sally Holmes, editor-in-chief of InStyle Magazine, joined Cheddar News to discuss a new social media trend #Treatculture that helps people take a moment to treat themselves and how that is a psychological benefit to relieve stress.
Wikipedia's Most Viewed Stories 2023
Wikipedia has released its list of most viewed articles for 2023 with the site seeing over 84 billion visits. The most searched topic was ChatGPT with nearly 50 billion page views
Load More