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A Tesla Model 3 car is on display during Auto China 2018. Photo: VCG/VCG via Getty Images

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. 

The big picture: The company repeatedly missed initial targets set when it rolled out the car in 2017, and now hopes to reach 5,000 per week by mid-year. Tesla is also planning new products. An electric semi-truck is supposed to begin production in 2019, and the company is also planning to produce a crossover vehicle.

The intrigue: Musk asked Field last year to lead both the engineering and production departments, he detailed in a tweet adding that "[Field] agreed that Tesla needed eng[ineering] & prod[uction] better aligned, so we don’t design cars that are crazy hard to build."

Go deeper

NYC to impose vaccine mandate on private employers

New York City Mayor Bill de Blasio (D) announced a new COVID vaccine mandate for private companies during a Monday interview with MSNBC's "Morning Joe."

Why it matters: De Blasio said it was a "first-in-the-nation measure" and will go into effect starting Dec. 27.

D.C.-Beijing tensions are shifting markets

Illustration: Aïda Amer/Axios

U.S. markets stand to lose $2 trillion in value if D.C. and Beijing drift further apart.

Why it matters: Political chasms are showing up in new securities regulations that put companies and investors in a bind. The rules are also another reflection of how much relations between the world’s largest economies have cooled, even as they remain economically interdependent. 

4 hours ago - Health
Axios Investigates

Documents reveal the secrecy of America's drug pricing matrix

Illustration: Aïda Amer/Axios

American businesses spend hundreds of billions of dollars a year on prescription drugs, and the bills keep getting bigger. But some of the companies promising to help rein in those costs prevent employers from looking under the hood.

Why it matters: Documents provided to Axios reveal a new layer of secrecy within the maze of American drug pricing — one in which firms that manage drug coverage for hundreds of employers, representing millions of workers, obscure the details of their work and make it difficult to figure out whether they're actually providing a good deal.