*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).
On Tuesday, the Bahamas Supreme Court allowed FTX founder Sam Bankman-Fried to review the terms of his extradition and temporarily delayed the country from agreeing to let U.S. prosecutors pursue criminal charges against him.
Microsoft's planned $69 billion purchase of video game company Activision Blizzard was blocked by a federal judge Tuesday, giving more time for an antitrust review of the deal.
Consumer prices in the United States cooled last month, rising just 0.1% from April to May and extending the past year's steady easing of inflation. At the same time, some measures of underlying price pressures remained high.
People are using apps more than ever to help manage and save their money, and it's hard to know which ones work best. We recently sat down with Insider financial correspondent Jennifer Streaks to help us break down some of the best apps out there right now.
Stocks rose Tuesday after a cooler reading on inflation cemented Wall Street’s bets for the Federal Reserve to hold off on hiking interest rates this week.
Be Well: How to Attain Financial Freedom
Grubhub is cutting 400 corporate positions or about 15 percent of its workforce as the company contends with declining orders and rising costs.
The Federal Trade Commission has sued to block Microsoft from completing its deal to buy video game company Activision Blizzard, the latest antitrust challenge to the proposed merger but one that could hasten its conclusion.
New York City is increasing the minimum wage for food delivery app workers to nearly $18 an hour next month.
How AI Could Change the Future of Work
