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Tesla Appoints IT Executive to Lead Sales Team Amid Leadership Change
ByAinvest
Saturday, Jul 19, 2025 2:47 am ET1min read
Tesla has appointed Raj Jegannathan, a senior IT executive, to lead the sales team. Jegannathan has taken over the role from Troy Jones, who left the company earlier this month. This move has been interpreted by some as a sign of Jegannathan's promotion to a more senior position within the company.
Tesla (NASDAQ:TSLA) has appointed Raj Jegannathan, a senior information technology executive, to lead its sales team, following the departure of Troy Jones, Tesla's former top sales executive in North America. The move comes at a challenging time for the electric vehicle maker, which has seen a sharp drop in demand for its vehicles in Europe and North America [1][2][3].Jegannathan, who oversees various IT and data functions at Tesla, recently assumed the sales role. Despite having no traditional sales experience based on his LinkedIn profile and reports from inside the company, he has developed a closer relationship with CEO Elon Musk. It remains unclear whether his appointment to the sales position is temporary [1][2][3].
The leadership change comes at a time when Tesla's quarterly sales fell 13% in its most recent quarter, reaching their lowest level in nearly three years. The sales decline has been attributed to several factors, including negative reactions to Musk's political statements, Tesla's aging vehicle lineup, and increased competition from rivals offering more affordable electric vehicle options [1][2][3].
Tesla's share price, which has fallen 18% so far this year, rose 3% on Friday following the appointment of Jegannathan. This move may signal a shift in Tesla's strategy to address declining sales and improve its market position.
References:
[1] https://finance.yahoo.com/news/tesla-reportedly-puts-executive-charge-203114336.html
[2] https://ca.finance.yahoo.com/news/tesla-reportedly-puts-executive-charge-203208784.html
[3] https://www.tradingview.com/news/reuters.com,2025:newsml_L6N3TF0T2:0-tesla-it-exec-with-no-traditional-car-sales-experience-is-running-sales-sources-say/
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