Business News
Elon Musk Says Tesla Severance Packages Are “Incorrectly Low”
Elon Musk has told Tesla staff telling them the company issued extremely low severance pay to some laid-off employees this week.
An internal email read: “As we reorganize Tesla it has come to my attention that some severance packages are incorrectly low.
“My apologies for this mistake. It is being corrected immediately.”
The news comes after Tesla announced it would reduce its workforce by over 10 percent, affecting about 14,000 employees globally.
The automaker aims to streamline operations for future growth.
It includes a shift from developing a more affordable electric vehicle to focusing on the production of robotaxis.
Musk backed a report about the new focus towards robotaxis on his social media X, where he.
However, it remains unclear if Tesla will continue to follow Musk's 2023 "master plan" to achieve a sustainable global energy economy through broader electrification and sustainable electricity solutions.
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