11/15/2008 05:12 am ET | Updated May 25, 2011

Layoffs Expected At Tesla Motors As CEO Replaced By Elon Musk

It's not a 100% official yet, but a few sources are reporting that something big is happening at Tesla Motors, makers of the electric Roadster who have recently announced a new $250 million manufacturing plant in San Jose.

What we know so far is that Ze'ev Drori is apparently out as CEO, and that Elon Musk (who's also busy sending rockets into orbit with his other company, SpaceX) is replacing him. Autocar also says that "100 staff" would be laid off, representing more than half of Tesla's workforce.
Read the full story here.

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