Hyperdrive
Tesla Skips Merit-Based Stock Awards, Squeezing Compensation
- Employees still got cost-of-living increases, salary bumps
- CEO Musk has said equity is a crucial part of worker pay
Tesla Inc. managers told some salaried employees the company isn’t offering merit-based equity awards this year.
The company didn’t give a reason for the change but four employees from different departments told Bloomberg they believe the move was widespread. Workers still got modest cost-of-living increases and adjustments to their base salaries.