Tesla VP Omead Afshar Fired by Musk Amid Sales Slump and Executive Shakeups

Benzinga

Tesla CEO Elon Musk has fired Omead Afshar, the company’s VP of manufacturing and operations, following a continued decline in car sales across key markets, particularly in Europe. Afshar, who oversaw several high-level executives, had previously been investigated internally in 2022 over construction material orders for a secret project led by Musk. Despite a recent promotion and public praise for Musk, Afshar was dismissed, as first reported by Forbes. His departure follows the resignation of Milan Kovac, head of Tesla’s Optimus robotics program. Tesla’s stock is down 19% this year, with sales slipping and competition from cheaper Chinese EVs rising. The company also faces reputational challenges linked to Musk’s political activity, including support for Trump’s reelection and Germany’s far-right AfD party.

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00:00It's Benzinga, bringing Wall Street to Main Street.

00:02Tesla CEO Elon Musk has fired Omid Afshar, the company's VP of Manufacturing and Operations,

00:10following a continued decline in car sales across key markets, particularly in Europe.

00:16Afshar, who oversaw several high-level executives, had previously been investigated

00:21internally in 2022 over construction material orders for a secret Musk project.

00:28Despite a recent promotion and public praise for Musk, Afshar was dismissed, as first reported by Forbes.

00:36His departure follows the resignation of Milan Kovac, head of Tesla's Optimus Robotics program.

00:43Tesla's stock is down 19% this year, with sales slipping and competition from cheaper Chinese EVs rising.

00:51The company also faces reputational challenges linked to Musk's political activity,

00:57including support for Trump's re-election and Germany's far-right AFD party.

01:03For all things money, visit Benzinga.com.

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