Tesla Motors CEO Steps Down

High profile electric car company Tesla Motors is going through a changing of the guard. The company says in a press release this morning that Martin Eberhard, the founder and CEO has stepped down from his post. Eberhard will remain with the company as President of Technology and focus on the Roadster, the company’s first car to market.

The company says it has appointed Michael Marks, former CEO of Flextronics and an investor in Tesla Motors, to take over as interim CEO. The release says: “Martin and the board have been planning for CEO succession since early this year, and will continue the search for a permanent CEO to lead Tesla Motors.”

Jalopnik posts an email that it says Eberhard sent to would-be buyers, that suggests the Roadster might face delays. “We are still planning to start production of the Roadster by the end of next month and deliver the first cars to customers this fall. We have a good chance of meeting this goal, but to be fully transparent, I want you to know that while it is within our reach, it is not yet fully within our grasp.”

Based in San Carlos, Calif., Tesla has raised close to $100 million in funding, and is backed by a long list of high profile investors including Elon Musk, VantagePoint Venture Partners, Draper Fisher Jurvetson, Jeff Skoll, and Google’s Larry Page and Sergey Brin.


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