Tesla loses another senior executive amid Model 3 struggle

Tesla shares dropped as much as 3.1 percent and traded down 2.3 per cent to $333.86 as of 12:23 p.m. The stock has risen about 7 per cent this year

Tesla Inc. has lost two of its most senior financial executives in short succession before the electric-car maker gives an update on the Model 3 sedan that it’s struggled to mass produce.

Susan Repo, Tesla’s corporate treasurer and vice president of finance, left to become the chief financial officer of another company, a spokesman said in an email. Last week, Tesla disclosed Chief Accounting Officer Eric Branderiz parted ways for personal reasons.

News of the departures have surfaced just weeks before Tesla reports production figures that will be closely watched for whether the company hit a target to make 2,500 Model 3