Musk Apologizes for ‘Incorrectly Low’ Tesla Severance Packages

April 18, 2024, 5:57 AM UTC

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.”

It’s not clear how many former employees are affected. The email was first reported by CNBC.

Read More: How Tesla Handled Its Biggest Round of Job Cuts Yet

The email is a rare ...

Learn more about Bloomberg Law or Log In to keep reading:

See Breaking News in Context

Bloomberg Law provides trusted coverage of current events enhanced with legal analysis.

Already a subscriber?

Log in to keep reading or access research tools and resources.