Part 8/12:
Tesla announced the addition of Jack Hartung, former CFO and President of Chipotle, to its board. Musk lauded Hartung’s extensive experience in scaling a major franchise with over 3,700 locations. The strategic rationale? Musk hinted that Hartung's expertise could be instrumental in scaling food and package delivery services using Tesla's autonomous vehicles, especially during off-peak hours when cyber cabs are idle.
Musk has previously expressed confidence that nighttime parcel deliveries with Optimus and Cyber Cabs could significantly enhance Tesla’s revenue streams, reduce urban traffic congestion, and bolster the ride-hailing ecosystem's efficiency.