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Tesla’s China factory head Song Gang resigns

Song Gang, who managed Tesla’s Shanghai Gigafactory since 2018, has resigned, effective December 20, 2024.

In a letter to employees, he expressed gratitude for his tenure at the company.

The reasons for Song’s resignation are not publicly known and Tesla has not commented on the leadership change.

Fei Wenjin, newly promoted to senior director of quality, will temporarily take over Song’s duties.

Recent Tesla developments

Timeline
19-Dec-2024 📉 Tesla shares fall 8%, largest drop since November
  • Tesla shares drop over 8% to $440.13
  • Elon Musk to head new Trump administration office
12-Dec-2024 📈 Tesla stock breaks record at $415
  • Tesla stocks hit record high of $415 this week
  • Shares up 66% this year, 38% gain in November
11-Dec-2024 🚗 Tesla sells 21,900 EVs in China, hits record Q4 weekly sales
  • Tesla sold 21,900 EVs in China in early December
  • Model Y leads as best-selling vehicle with discounts offered
03-Dec-2024 ⚖️ Tesla fails to overturn ruling on Musk’s $56b pay deal
  • Judge denies Tesla’s appeal on Musk’s pay deal
  • Tesla to appeal ruling in Delaware Supreme Court
30-Nov-2024 🚗 Tesla slashes Model Y vehicle prices in China
  • Tesla reduces Model Y prices in China by 10,000 yuan
  • 0% interest financing offered for buyers until Dec 31

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