ETFs with Heavy Tesla Weightings Down After Top Execs Resign

“Since I joined Tesla on August 6th, the level of public attention placed on the company, as well as the pace within the company, have exceeded my expectations,” Morton said in the statement. “This caused me to reconsider my future. I want to be clear that I believe strongly in Tesla, its mission, and its future prospects, and I have no disagreements with Tesla’s leadership or its financial reporting.”

In addition to Morton, Tesla’s human resources chief Gaby Toledano, is not returning from a leave of absence after the company was racked with possible SEC probes after Musk’s tweet to go private. Vice president of communications Sarah O’Brien is also leaving as part of a planned departure.

Shares of Tesla have plunged over 20% within the past month as the company is struggling to secure alternate sources of funding as it continues to burn through cash.

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