RedHerring.com examines the announcement by Elon Musk, Chairman of Tesla Motors, Inc. that Michael Marks, former CEO of Flextronics and an early investor in Tesla Motors will take over as interim CEO of Tesla Motors replacing Martin Eberhard. Eberhard will remain as with the company as President of Technology and is tasked with developing the company’s core technology. The author, Andrea Quong does not think this shuffle lends validity to the immediate rumours of a production delay of the Tesla Roadster which expected to start production by the end of September.
Analysts and bloggers note that the skills needed to start a high-tech company are not the same as those needed to grow it to a billion-dollar firm and so executive shake-ups often happen in such companies. The best recent example is Google co-founders Larry Page giving up the CEO position in favour of ex-Novell CEO Dr. Eric Schmidt.