Crypto Whales Are Loading Up — Are You?
New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.
Tesla Inc. (NASDAQ:TSLA) Vice President of Business Development Robin Ren has departed the company, Electrek reported late Tuesday.
What Happened
ENTER TO WIN $500 IN STOCK OR CRYPTO
Enter your email and you'll also get Benzinga's ultimate morning update AND a free $30 gift card and more!
Ren had been with Tesla since June 2015, according to his LinkedIn profile. He confirmed his departure from the electric vehicles maker on LinkedIn, but didn't say whether he has joined another company.
The Stanford graduate had served as the Vice President for Asia Pacific and Vice President of Worldwide Sales at Tesla before taking over the business development role in May last year.
Why It Matters
The Stanford graduate was at the forefront of Tesla's efforts in starting a manufacturing facility in China.
Ren, along with Tesla Chief Executive Officer Elon Musk, also led the automaker's negotiations for loans from state-owned Chinese banks at better than market rates for its Shanghai gigafactory late last year.
"[Ren] was born and raised in Shanghai and has been...sort of instrumental in establishing the China factory and making sure that gets done right and having a great relationship with the government," Musk said in an earnings call with investors in August 2018, as reported by The Motley Fool at the time.
Tesla Price Action
Tesla shares closed nearly 1% lower at $940.67 on Tuesday and dropped another 0.4% lower in the after-hours session at $936.99.
Crypto Whales Are Loading Up — Are You?
New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.