Senior vice president and head of engineering at Tesla, Doug Field, is reportedly "taking a break" from the company citing the need to "recharge" and be with his family, Bloomberg reports. The announcement rides on the heels of CEO Elon Musk taking over responsibilities of the production department amid the "rocky ramping up of the Model 3 sedan."
Why it matters: Field's break comes at a time when the company is seeking to show investors that it can maintain recent momentum in scaling up production of the mass market Model 3 — a product that’s critical to the Silicon Valley electric automaker’s future.
Gas prices are reducing the benefits Americans are getting from President Trump's tax cuts, reports USA today.
The big picture: "President Trump’s decision this week to withdraw from the Iran nuclear deal and reinstate sanctions against that oil-rich country could constrain global supplies, further pushing up crude and gasoline prices," writes USA Today.
Tesla CEO Elon Musk has unveiled a video of his Boring Company's underground tunnel that will soon offer Los Angeles commuters an alternative mode of transportation in an effort to escape the notoriously clogged highways of the city.
The details: Musk announced in an Instagram post that, once the first-of-its-kind tunnel is operational and approved by the city, free rides will be available to the public "in a few months." He added that the system "will always give priority to pods for pedestrians & cyclists for less than the cost of a bus ticket."
