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Tesla to be 'reorganised' as share price falls

Tesla to be 'reorganised' as share price falls

Technology
Tesla's chief executive Elon Musk has told staff the firm is undergoing a "thorough reorganisation" after two of its cars were involved in crashes last week. The tech billionaire's email to employees also comes amid production problems and senior staff departures, with shares falling 2.1% to $ 297 on Monday.Mr Musk said the restructuring plans involve "flattening the management structure to improve communication", as well as trimming activities "not vital to the success of our mission".Tesla confirmed the contents of the email after they were reported by the Wall Street Journal.Mr Musk is trying to fix production headaches that have slowed the roll-out of its Model 3, a mid-market car seen as key to the company's success.The chief executive said in his email that Tesla will...