Tesla says CTO JB Straubel is moving to advisory role

Tesla’s Chief Technology Officer JB Straubel is leaving his submit to turn out to be an advisor to the carmaker, CEO Elon Musk mentioned on the corporate’s second-quarter earnings name on Thursday.

Straubel, one of many firm’s co-founders, is finest identified for serving to to create Tesla’s signature battery expertise. He additionally oversaw energy electronics, motors, software program, firmware and controls, amongst different obligations at Tesla over the course of his tenure there.

“I’m excited to stay involved in some of our core technologies and all that and help where I can,” Straubel mentioned on the decision. He mentioned it is “not an executive type role.”

His place can be stuffed by Drew Baglino, who had been a vice chairman of expertise.

Straubel is the newest high-profile departure from Tesla’s govt ranks. Steve McManus, who was a vice chairman answerable for engineering for automotive interiors and exteriors at Tesla, this week joined Apple. The iPhone maker additionally lured former Tesla vice chairman Michael Schwekutsch, who oversaw electrical powertrains engineering, to be part of its Special Projects Group earlier this yr. In June, Felicia Mayo, the vice chairman of human sources and head of variety, left Tesla. That month the corporate additionally misplaced Peter Hochholdinger, who ran manufacturing on the manufacturing facility in Fremont, California, to Lucid Motors.

The introduced departure follows Tesla’s disappointing earnings report. The firm introduced weaker-than-expected income and a wider-than-expected loss, sending the shares down 10% in prolonged buying and selling.

Straubel is additionally the founding father of a recycling firm referred to as Redwood Materials with places of work close to Tesla’s Gigafactory in Nevada and automotive plant in Fremont.

According to cargo data shared with CNBC by Import Genius, Redwood Materials has, since May 2018, bought gear used for “electroplating, electrolysis or electrophoresis,” which could possibly be used to extract and recycle among the costly uncooked supplies used to make shopper electronics and electrical autos.

WATCH: The one factor to search for on Tesla’s earnings name

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