*By Carlo Versano*
Tesla's chief people officer taking an extended leave of absence just 15 months after joining the team is yet another disruption for a company that needs to project stability, said Brian Deagon of Investor's Business Daily.
"These kinds of things do not help at all," Deagon said.
Gaby Toledano's leave, which Tesla said was at her request, is on the heels of the departure of chief engineer Doug Field, who decamped for Apple earlier this summer after he too [took a leave of absence](https://www.wsj.com/articles/teslas-chief-engineer-is-out-after-taking-leave-of-absence-1530561319).
These management changes, while not unique to Tesla, come at the worst possible for time for Elon Musk, Deagon said.
Musk's summer of self-inflicted chaos continued Thursday when a lawyer [sent](https://twitter.com/LLinWood/status/1034761900100407296) the CEO a notice of intent to sue on behalf of his client, a diver involved in the Thai cave rescue who Musk slammed on Twitter.
Tesla shareholders are showing signs of impatience with all the drama. The stock is down roughly 28 percent from its highs of the year, hit Aug. 7 after Musk's now-infamous tweet that he had "funding secured" to take the company private.
"What Tesla really needs is for Elon Musk to get more rest," Deagon said. The company still is without a second-in-command, which would be a burden for any CEO ー let alone one who runs two large companies.
But because of Musk's controlling interest, finding him a "Sheryl Sandberg"-type COO to act as deputy has not been successful, Deagon said.
He added: "What are \[Tesla board members\] doing about keeping Elon Musk under control?"
For full interview [click here](https://cheddar.com/videos/does-tesla-have-a-people-problem).
An independent watchdog within the IRS reports that while taxpayer services have vastly improved, the agency is still too slow to resolve identity theft cases. And National Taxpayer Advocate Erin Collins says those delays are “unconscionable.” Erin M. Collins said in the report released Wednesday that overall the 2024 filing season went smoothly, though IRS delays in resolving identity theft victim assistance cases are worsening. It took nearly 19 months to resolve self-reported identity theft cases as of January, and Wednesday's report states that now it takes 22 months to resolve these cases.
Amazon.com Inc. surpassed $2 trillion in market value for the first time in afternoon trading on Wednesday. The push higher for Amazon’s stock market valuation comes a little more than a week after Nvidia hit $3 trillion and briefly became the most valuable company on Wall Street. Nvidia’s chips are used to power many AI application and its valuation has soared as a result. Amazon has also been making big investments in AI as global interest has grown in the technology. Most of the company’s focus has been on business-focused products.
Climate change doesn’t just mean more extreme weather – it also leads to billions of dollars in lost productivity, tourism, and stresses infrastructure.
It’s an annual tradition: the Fed’s banking ‘stress test.’ A year after the regional banking crisis, there are good reasons to make sure they’re prepped.
Summer is upon us, which means weddings, trips overseas, and trips to see Taylor Swift. Avoid a “Cruel Summer” with these budget-friendly tips and tricks.
While Nvidia's meteoric rise led it to briefly dethrone Microsoft as the world's biggest public company, there's a lot more going on in this market than A.I.
