Tesla co-founder and CTO JB Straubel stepping down

Tesla co-founder and CTO JB Straubel is stepping down from his day-to-day role as an executive at at the automaker, CEO Elon Musk announced during a conference call with analysts Wednesday.

Drew Baglino, vice president of tech, will take over his duties, Musk said.

Straubel will stay on a senior advisor role.

“I’m not disappearing, and I just wanted to make sure that people understand that this was not some, you know, lack of confidence in the company or the team or anything like that,” Straubel said.

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