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Elon Musk apologizes after Tesla gave 'incorrectly low' severance packages to some laid-off workers: report [FOX Business Network]

Tesla, Inc. (TSLA)  More Company Research Source: FOX Business Network
Last tesla, inc. earnings: 4/29 04:11 pm Check Earnings Report
US:NASDAQ Investor Relations: ir.tesla.com
CEO Elon Musk emailed workers about the issue on Wednesday, saying it had "come to my attention that some severance packages are incorrectly low," CNBC reported Earlier in the week, Tesla had disclosed in a Securities and Exchange Commission (SEC) filing that it planned to lay off 10% of its workers. "My apologies for this mistake," Musk went on to say in the email about the severance package issue , according to CNBC. "It is being corrected immediately." Tesla did not respond to FOX Business' request for comment. With more than 140,400 employees at the end of 2023, Tesla's 10% cut could result in 14,000 people losing their jobs When announcing the job cuts, Tesla said the company has seen a "duplication of roles and job functions in certain areas" amid its "rapid growth" in recent years. Ticker Security Last Change Change % TSLA TESLA INC. Powered By Tesla disclosed alongside the layoffs that its senior vice president of powertrain and energy engineering, [Read more]
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Stockreport

Elon Musk apologizes after Tesla gave 'incorrectly low' severance packages to some laid-off workers: report [FOX Business Network]

Tesla, Inc.  (TSLA) 
More Company Research Source: FOX Business Network
Last tesla, inc. earnings: 4/29 04:11 pm Check Earnings Report
US:NASDAQ Investor Relations: ir.tesla.com
CEO Elon Musk emailed workers about the issue on Wednesday, saying it had "come to my attention that some severance packages are incorrectly low," CNBC reported Earlier in the week, Tesla had disclosed in a Securities and Exchange Commission (SEC) filing that it planned to lay off 10% of its workers. "My apologies for this mistake," Musk went on to say in the email about the severance package issue , according to CNBC. "It is being corrected immediately." Tesla did not respond to FOX Business' request for comment. With more than 140,400 employees at the end of 2023, Tesla's 10% cut could result in 14,000 people losing their jobs When announcing the job cuts, Tesla said the company has seen a "duplication of roles and job functions in certain areas" amid its "rapid growth" in recent years. Ticker Security Last Change Change % TSLA TESLA INC. Powered By Tesla disclosed alongside the layoffs that its senior vice president of powertrain and energy engineering, [Read more]
IMPACT SNAPSHOT
EVENT TIME:
TSLA
Last Price
Price Change
Price Change %
Volume Shares
Max Up
Max Down
Volume Ratio
%
Don't Miss Out On The Next BIG Stock Move
Performance comparison Updated
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
LAST PRICE AT
NEWS EVENT
SINCE EVENT
Multi-day stock performance from the time of the news release
LAST PRICE
VWAP
High:
MAX UP
High:
Low:
MAX DOWN
Low:
%
 POST NEWS RANGE
%
PRICE CHANGE
PRICE CHANGE PERCENTAGE
S&P 500 (SPX)
%
 VOLUME RATIO
%
VOLUME (SHARES)
TICKS
AVG SHARES PER TRADE
EVENT DAY
Event Day Chart will not be displayed beyond 90-day period of the event
PERFORMANCE SINCE EVENT
TIME AND VELOCITY ANALYSIS