Tesla says in an email it sent the “wrong bottom” packages.

Tesla says in an email it sent the “wrong bottom” packages.


Elon Musk, CEO of Tesla and owner of X, formerly known as Twitter, attends the Viva Technology conference dedicated to innovation and startups at the Porte de Versailles exhibition center in Paris, France, June 16, 2023.Â

Gonzalo Fuentes Reuters

Tesla CEO Elon Musk sent an internal email Wednesday, telling employees that the company had sent out severance packages that were too low for the number of workers laid off this week.

“As we reorganize Tesla it has come to my mind that other termination packages are no less,” Musk wrote in the brief email. “Sorry for this mistake. It will be fixed immediately.”

Tesla did not immediately respond to a request for comment.

The electric car company said Monday that it will be cutting more than 10% of its global workforce, which totals 140,000 workers by the end of 2023.

Few details have been shared by the company about the layoffs, but in a company-wide memo sent Monday, Musk said the layoffs will help, “prepare the company” for the “next phase of growth.”

Earlier this month, Reuters reported that Tesla will be changing its strategy, scrapping the original plan to make a cheaper EV to focus on robotics at Musk’s direction. On Tuesday this week, Musk appeared to confirm the report in a post on X.

Musk has yet to say whether Tesla will stick to its 2023 “master plan,” which laid out “a proposed path to achieving a sustainable global energy economy through end-use electricity and sustainable electricity generation and storage.”

The company reported an 8.5% year-on-year decline in first-quarter deliveries, the first drop since 2020, when operations were hampered by the global pandemic.

Tesla is scheduled to discuss first-quarter results with shareholders on April 23, and executives may reveal more about the restructuring and which departments were most affected.

In a press release on Wednesday, Tesla asked shareholders to approve CEO Musk’s pay that is similar to the record compensation plan the company previously offered him in 2018.

His previous CEO pay plan, worth $56 billion, was overturned in a ruling by Delaware court judge Kathaleen McCormick, who ruled that, as CEO, Musk controlled Tesla, and the board’s compensation committee was not independent. , among other things.

Tesla shares are down nearly 37% this year as of Wednesday, closing at $155.45.

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