Report: Tesla to furlough employees, cut pay due to COVID-19 [USA TODAY]
Tesla, Inc. (TSLA)
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Source: USA TODAY
CONNECTTWEETLINKEDINEMAILMORETesla will reportedly cut salaries and furlough hourly workers a month after its CEO Elon Musk called the coronavirus panic "dumb."The EV manufacturer will furlough employees who cannot work from home and those who aren't performing essential tasks at its plants, according to an internal company email obtained byCNN Business.Starting Monday, most U.S. employees will receive a pay cut of 10%, while some senior staffers will see pay reductions of 20% to 30%, CNN Business reports.The changes are expected to last until May 4. Tesla could not be immediately reached for comment.Don't worry about a grocery delivery slot:Instacart will pair you with a real-time shopperTesla logo is pictured outside of their showroom in Washington, D.C.(Photo: AFP/Getty Images)The coronavirus crisis previously pushed the automaker to temporarily shutter its car manufacturing plant in Fremont, California, and suspend most operations at its solar panel factory in Buffalo, New York. T
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- Tesla brings lower cost Model 3 to Europe [Yahoo! Finance]Yahoo! Finance
- Is the Cybertruck Tesla's best vehicle ever? These figures contradict Elon Musk's claim [USA TODAY]USA TODAY
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- 11/10/25 - Form SCHEDULE
- 11/10/25 - Form 4
- TSLA's page on the SEC website