Tesla's CIO Nagesh Saldi Resigns Amid Executive Exodus

Nagesh Saldi's departure comes just days before Tesla's highly anticipated Robotaxi event, reflecting ongoing leadership changes at the company.

Nagesh Saldi, Tesla's Chief Information Officer since 2018, has announced his resignation, marking another high-profile exit this year.
Saldi's departure is timed just before Tesla's Robotaxi unveiling event, a key milestone for the company's autonomous driving ambitions.
Saldi played a crucial role in developing Tesla's data centers in Texas and New York, essential for advancing AI and self-driving technologies.
The resignation aligns with a broader trend of executive departures at Tesla in 2024, following a company downsizing strategy initiated by Elon Musk.
Tesla's stock has faced pressure amid industry challenges and increased competition, with a noted decline in performance compared to market benchmarks.