Autos

Tesla ended reduced salaries this week, says internal email

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People looking at a Tesla car on display at a showroom in Beijing.

Noel Celis | AFP via Getty Images

Tesla told employees it ended a season of reduced pay for its salaried workers on June 29, 2020, as expected, according to internal correspondence obtained by CNBC. 

In mid-April, the electric vehicle company cut pay for salaried employees by 10% to 30% depending on their position. At the time, Tesla cited Covid-19 pressures on the business as a justification for the pay cuts, and said they expected them to last until some time around the second quarter of 2020. 

In a new HR email, which was sent to Tesla’s global employees by Human Resources on Wednesday July 1, Tesla reiterated details…



Source cnbc.com

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