Ganesh Srivats, who joined Tesla in 2015 and eventually came to be in charge of global growth, is the latest in a [series of top-level executives](https://www.reuters.com/article/us-tesla-executives-factbox/factbox-tesla-executive-departures-since-2016-idUSKCN1IG2G2) to step down. His departure comes days before Tesla is set to announce its second quarter earnings. Cheddar's Kristen Scholer and Tim Stenovec break down the latest.

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Musk loses crown as world’s richest to software giant Larry Ellison
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.
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