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USA: Tesla Motors says it’s on target with Model S electric car

Executives of Tesla Motors said they are on track to begin making their Model S electric car this summer and CEO Elon Musk tried to allay investor fears over last week’s departure of two key engineers.

The Palo Alto, Calif.-based automaker confirmed Friday that Peter Rawlinson, who was responsible for body and chassis engineering, and colleague Nick Sampson are both leaving the company for personal reasons.

Musk started a conference call this morning by apologizing for the way the information of Rawlinson’s and Sampson’s resignations came out. He also disputed media reports that Rawlinson was chief engineer for the Model S.
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