Tesla has let go of 300 temporary workers in Germany in keeping with their contract period, the e-car maker said on Thursday, amid a drive by the company to slim down its global workforce by 10%.
Tesla is asking shareholders to restore a $56 billion pay package for CEO Elon Musk that was rejected by a Delaware judge this year, and to shift the company’s corporate home to Texas.
Tesla stock fell for a sixth consecutive day Friday. Whether the decline is in response to news that the company is recalling its avant-garde Cybertruck to fix a problem with the accelerator pedal or simply because of weakness in the overall market doesn’t really matter.
Elon Musk has apologized to some Tesla employees who received “incorrectly low” severance packages due to a mistake in the company’s recent layoffs. In a brief email leaked to media outlets, Musk acknowledged the error and assured that the company was working to remedy it.
Electric vehicle maker Tesla will ask its shareholders to vote again on a $56 billion compensation package they had approved in 2018 for CEO Elon Musk before it was squashed
Tesla chief Elon Musk admitted in an internal email sent Wednesday that some of the staffers affected by the electric automaker’s 10% headcount reduction earlier this week had received “incorrectly low” severance packages.
Tesla is calling on its shareholders to once again approve Elon Musk’s record-breaking compensation package that was blocked by a judge in January. In 2018, Tesla and Must proposed a compensation package worth $55.