Musk Apologizes for ‘Incorrectly Low’ Tesla Severance Packages

Tesla CEO says in email to employees mistake will be corrected
Carmaker is cutting headcount more than 10% on EV slowdown

Earlier this week, the billionaire announced Tesla would slash global headcount by more than 10%. — Earlier this week, the billionaire announced Tesla would slash global headcount by more than 10%.
Photographer: Samsul Said/Bloomberg

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By Dana Hull

April 18, 2024 at 5:57 AM UTC

This article is for subscribers only.

Elon Musk said some of the severance packages sent to former Tesla Inc. employees as part of its biggest-ever workforce reduction were too low.

“As we reorganize Tesla it has come to my attention that some severance packages are incorrectly low,” Musk said in a short email sent to employees on Wednesday and seen by Bloomberg News. “My apologies for this mistake. It is being corrected immediately.”