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Elon Musk email says Tesla sent 'incorrectly low' severance packages to laid-off employees [MSNBC.com]

Tesla, Inc. (TSLA)  More Company Research Source: MSNBC.com
Last tesla, inc. earnings: 4/29 04:11 pm Check Earnings Report
US:NASDAQ Investor Relations: ir.tesla.com
TeslaElon Musk"As we reorganize Tesla it has come to my attention that some severance packages are incorrectly low," Musk wrote in the brief email. "My apologies for this mistake. It is being corrected immediately."Tesla didn't immediately respond to a request for comment.The electric vehicle company said Monday that it would be cutting more than 10% of its global workforce, which totaled around 140,000 employees at the end of 2023.Few details have been shared by the company about the layoffs, but in a companywide memo sent Monday, Musk said the layoffs would help, "prepare the company" for a "next phase of growth."Earlier this month,Reuters reportedpostMusk hasn't yet said whether Tesla will stick with his 2023 "master plan," which laid out "a proposed path to reach a sustainable global energy economy through end-use electrification and sustainable electricity generation and storage."The company reported an 8.5% year-over-year decline in first-quarterderiesTesla is set to discuss fir [Read more]
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Stockreport

Elon Musk email says Tesla sent 'incorrectly low' severance packages to laid-off employees [MSNBC.com]

Tesla, Inc.  (TSLA) 
More Company Research Source: MSNBC.com
Last tesla, inc. earnings: 4/29 04:11 pm Check Earnings Report
US:NASDAQ Investor Relations: ir.tesla.com
TeslaElon Musk"As we reorganize Tesla it has come to my attention that some severance packages are incorrectly low," Musk wrote in the brief email. "My apologies for this mistake. It is being corrected immediately."Tesla didn't immediately respond to a request for comment.The electric vehicle company said Monday that it would be cutting more than 10% of its global workforce, which totaled around 140,000 employees at the end of 2023.Few details have been shared by the company about the layoffs, but in a companywide memo sent Monday, Musk said the layoffs would help, "prepare the company" for a "next phase of growth."Earlier this month,Reuters reportedpostMusk hasn't yet said whether Tesla will stick with his 2023 "master plan," which laid out "a proposed path to reach a sustainable global energy economy through end-use electrification and sustainable electricity generation and storage."The company reported an 8.5% year-over-year decline in first-quarterderiesTesla is set to discuss fir [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
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MAX UP
High:
Low:
MAX DOWN
Low:
%
 POST NEWS RANGE
%
PRICE CHANGE
PRICE CHANGE PERCENTAGE
S&P 500 (SPX)
%
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%
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