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18Tesla to distance itself from CEO, says Musk's "financial situation" won't affect IPO

It's no secret that Tesla's chief executive officer Elon Musk is experiencing some difficulties right now. From the messy divorce to reports that he's broke, Musk has recently made headlines for all the wrong reasons. That's precisely why Tesla Motors hope to distance itself from the CEO as it moves ever closer to its IPO.

24Tesla's financial troubles continue to spread - through the media

The other day, the Wall Street Journal reported that Tesla Motors "incurred a net loss of $29.5 million in the first quarter" of 2010, adding to a total net loss since its founding of "about $290.2 million." Of course, we can't forget that CEO Elon Musk recently said he was broke. None of this is particularly new, but it is constantly being talked about, and WSJ opinion writer Holman W. Jenkins Jr. wrote:

54Tesla's Elon Musk says he's broke

Diving into an extremely competitive and capital-intensive business in which customers generally don't appreciate having access to beta products is not a good way to enhance your personal fortune. In fact, if Elon Musk is being honest in the latest court filings related to his divorce proceedings, it looks like a great way to vaporize a fortune.

21Tesla CEO Elon Musk named Automotive Executive of the Year Innovator

Tesla Roadster in Switzerland – Click above for high-res image

39VIDEO: Like, it's Elon Musk talking to Valley Girl

Elon Musk talks to Vally Girl - Click above to watch the videos after the break

18Elon Musk: "Golden handcuffs" require I stay through Model S launch

For a guy who allegedly wants a lot of the credit for creating Tesla Motors, Elon Musk certainly doesn't seem to like the job of being its CEO. As part of Daimler's investment deal with Tesla, Musk needed to commit to staying on as Tesla's CEO at least until the Model S launches in 2011. Musk told Reuters:

7Elon Musk: Daimler's "golden handcuffs" mean I'll stay with Tesla through Model S launch

For a guy who allegedly wants a lot of the credit for creating Tesla Motors, Elon Musk certainly doesn't seem to like the job of being its CEO. As part of Daimler's investment deal with Tesla, Musk needed to commit to staying on as Tesla's CEO at least until the Model S launches in 2011. Musk told Reuters:

4Tesla names Ze'ev Drori new CEO

Tesla Motors has been operating with an interim CEO since last August when its founder, Martin Eberhard, stepped down as head of the company. Today the start up that promises to herald in a new era of EV motoring (if it can stay on schedule) announced the appointment of a permanent replacement. Ze'ev Drori will now be at the helm of Tesla Motors as it tries to guide the Tesla Roadster through the production process. Drori has a history of turning around small companies, having founded a computer

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