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Elon Musk Apologizes For Underpaying Laid-Off Workers But Still Demands His Own $56 Billion Pay Day [Yahoo! Finance]
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US:NASDAQ Investor Relations: ir.tesla.com
Here are the important stories you need to know. 1st Gear: Elon Musk Actually Apologizes For Something Elon Musk said some of the severance packages received by recently laid-off Tesla employees when it cut 10 percent of its staff were too low. Right now, it isn't clear how many employees were affected by the far-too-low severance packages . From Bloomberg “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.” [...] The email is a rare show of contrition from Musk, who's contending with lawsuits brought by former Twitter employees and executives over severance. Earlier this week, the billionaire announced Tesla would slash global headcount by more than 10% as the carmaker struggles with slowing demand for electric vehicles. In typical Tesla fashion, the job cuts were done in
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