*By Carlo Versano*
Tesla's chief people officer taking an extended leave of absence just 15 months after joining the team is yet another disruption for a company that needs to project stability, said Brian Deagon of Investor's Business Daily.
"These kinds of things do not help at all," Deagon said.
Gaby Toledano's leave, which Tesla said was at her request, is on the heels of the departure of chief engineer Doug Field, who decamped for Apple earlier this summer after he too [took a leave of absence](https://www.wsj.com/articles/teslas-chief-engineer-is-out-after-taking-leave-of-absence-1530561319).
These management changes, while not unique to Tesla, come at the worst possible for time for Elon Musk, Deagon said.
Musk's summer of self-inflicted chaos continued Thursday when a lawyer [sent](https://twitter.com/LLinWood/status/1034761900100407296) the CEO a notice of intent to sue on behalf of his client, a diver involved in the Thai cave rescue who Musk slammed on Twitter.
Tesla shareholders are showing signs of impatience with all the drama. The stock is down roughly 28 percent from its highs of the year, hit Aug. 7 after Musk's now-infamous tweet that he had "funding secured" to take the company private.
"What Tesla really needs is for Elon Musk to get more rest," Deagon said. The company still is without a second-in-command, which would be a burden for any CEO ー let alone one who runs two large companies.
But because of Musk's controlling interest, finding him a "Sheryl Sandberg"-type COO to act as deputy has not been successful, Deagon said.
He added: "What are \[Tesla board members\] doing about keeping Elon Musk under control?"
For full interview [click here](https://cheddar.com/videos/does-tesla-have-a-people-problem).
Oracle soars as it cashes in on the AI boom, Plus: Starbucks shares continue to fall under its new CEO, and does anybody actually want a new iPhone Air?
Swedish buy now, pay later company Klarna is making its highly anticipated public debut on the New York Stock Exchange Wednesday, the latest in a run of high-profile initial public offerings this year. The offering priced at $40 Tuesday, above the forecasted range of $35 to $37 a share, valuing the company at more than $15 billion. The valuation easily makes Klarna one of the biggest IPOs so far in 2025, which has been one of the busier years for companies going public. Other popular IPOs so far this year include the design software company Figma and Circle Internet Group, which issues the USDC stablecoin..
Oracle co-founder Larry Ellison wrested the title of the world’s richest man from longtime holder Elon Musk early Wednesday as stock in his software giant rocketed more than a third in a stunning few minutes of trading. That is according to wealth tracker Bloomberg. A college dropout, the 81-year-old Ellison is now worth $393 billion, Bloomberg says, several billion more than Musk, who had been the world’s richest for four years. The switch in the ranking came after a blockbuster earnings report from Oracle. Forbes still has Musk as the richest, however, valuing his private businesses much higher.
