Elon Musk says in email that Tesla sent 'incorrectly low' severance packages to some laid-off employees

Key Facts

• Gonzalo Fuentes | Reuters Tesla CEO Elon Musk sent an internal email on Wednesday, telling staffers that the company sent out some severance packages that were too low to a number of laid-off workers this week.
• Earlier this month, Reuters reported that Tesla would be shifting its strategy, and scrapping an earlier plan to produce a more affordable EV in favor of focusing on robotaxi development at Musk’s direction.
• On Tuesday this week, Musk appeared to confirm that report in a post on X. Musk 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.”
• DON’T MISS THESE EXCLUSIVES FROM CNBC PRO Wednesday’s analyst calls: Tesla price target cuts, GE spinoff to pop more than 20% If you’re worried about a correction and over-invested in Nvidia, replace it with these steady growth stocks instead It may be time for investors to sell Nvidia on the next bounce, according to the charts Wall Street is bullish on copper, thanks to AI.

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