Tesla executive says he's resigned as recent layoffs hurt morale and throw the company 'out of balance'

• Rich Otto, former head of product launches at Tesla, said he resigned last week.
• The executive said the recent Tesla layoffs have thrown the company "out of balance."
• Otto's departure follows six other senior-level Tesla executives leaving in recent weeks.

Tesla keeps shedding executives.

Rich Otto, the former head of product launches at Tesla, said on Wednesday that he'd made the decision to resign last week amid the mass layoffs at the company.