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☆ Tesla tells some laid-off employees their separation agreements are canceled and new ones are on the way
▼ + stars: | 2024-04-18 | by ( Grace Kay | ) www.businessinsider.com time to read: +1 min

Tesla sent notices canceling some separation agreements, according to two laid-off employees and a notification seen by Business Insider. The cancellations came after some workers received severance offers for two months of pay. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementSome laid-off Tesla workers received a notification that their separation agreements had been canceled on Thursday and to expect new ones, two laid-off workers told Business Insider. The workers received a notification about a document titled "Your separation agreement," with "status: canceled," according to one of the emails obtained by BI.

Persons: Tesla, Elon Musk, — Organizations: Business Insider, Service, Business, BI

☆ Elon Musk apologized for 'incorrectly low' Tesla severance packages
▼ + stars: | 2024-04-18 | by ( Jyoti Mann | Grace Kay | ) www.businessinsider.com time to read: +3 min

Elon Musk apologized Wednesday to laid-off Tesla employees for incorrect severance packages. Some workers previously told Business Insider they were offered two months' pay as severance. AdvertisementElon Musk apologized in an email to some laid-off Tesla employees after their severance packages were found to be "incorrectly low," according to a screenshot of the email viewed by Business Insider. "As we reorganize Tesla it has come to my attention that some severance packages are incorrectly low," Musk said in the brief email sent Wednesday. Other workers told BI that as of Wednesday night, they'd yet to receive any information about severance packages.

Persons: Elon Musk, —, Musk, they'd, Tesla, Drew Baglino, who'd, he'd, Rohan Patel, They're, Parag Agrawal, Ned Segal, Vijaya Gadde, Sean Edgett Organizations: Service, Business, CNBC, Worker, Twitter Locations: China

☆ We now know more about where Tesla is slashing jobs
▼ + stars: | 2024-04-18 | by ( Grace Kay | ) www.businessinsider.com time to read: +2 min

Tesla has laid off 280 workers at its Buffalo, New York facility. Elon Musk told Tesla staff he was cutting more than 10% of the company's workforce. The Buffalo site is used for training Tesla's driver-assist software, and energy storage products. On Sunday night, Tesla CEO Elon Musk told staff the company was cutting more than 10% of its workforce. AdvertisementTesla's Buffalo site is used as a site for the company's data analysis to train its Autopilot and so-called Full Self-Driving software.

Persons: Tesla, Elon Musk, —, who'd Organizations: Service, Worker, Business Locations: Buffalo , New York, Buffalo, New York, Tesla, California, Texas

☆ Why Tesla wants to give Elon Musk a $55 billion pay package
▼ + stars: | 2024-04-17 | by ( Grace Kay | ) www.businessinsider.com time to read: +4 min

Tesla is seeking shareholder approval for Elon Musk's pay package, which a judge previously struck down. AdvertisementWhy does Tesla's board think Elon Musk deserves a $55 billion pay package? Tesla plans to ask shareholders to vote again on Musk's $55 billion pay package after it was struck down by a Delaware Judge earlier this year. Tesla shareholders will be able to vote on the issue during the company's annual meeting in June. Musk does not receive a salary from Tesla and his pay package centered on a series of goalposts around the carmaker's financial growth, initially set in place in 2018.

Persons: Tesla, —, Elon, Robyn Denholm, Denholm, Kathleen St, J, McCormick, Musk Organizations: Elon, Service, Delaware Judge, Securities and Exchange Commission, Delaware Court, Tesla, The New York Times Locations: Delaware, Texas

☆ Rivian lays off more workers
▼ + stars: | 2024-04-17 | by ( Grace Kay | ) www.businessinsider.com time to read: +1 min

NEW LOOK Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . Over a dozen workers began posting on LinkedIn about cuts at the company on Wednesday afternoon. "We continue to work to right-size the business and ensure lignment to our priorities," they told Business Insider. This story is available exclusively to Business Insider subscribers.

Persons: Rivian, — Organizations: LinkedIn, Service, Business

☆ Tesla has begun sending out severance info to laid-off workers. Here's how much they're getting.
▼ + stars: | 2024-04-17 | by ( Grace Kay | ) www.businessinsider.com time to read: +4 min

Read previewTesla has started sending out severance information to laid-off employees. In the individual layoff notices to impacted workers that were sent in the hours after Musk's companywide email, Tesla told workers they'd receive their severance information "within 48 hours," according to emails viewed by BI. Related storiesThe carmaker appears to be offering workers two months of severance — meaning the workers will be paid through June 14, five former workers told Business Insider. Tesla said the severance agreement must be signed within five business days of its receipt and workers will receive their severance pay 45 days after their termination date, according to a severance agreement viewed by BI. AdvertisementWhile the severance information appears to have started going out overnight, several Tesla workers who were impacted by the layoff told BI they had yet to receive a severance information as of Wednesday morning.

Persons: —, Tesla, Elon Musk, they'd, defaming Tesla Organizations: Service, Business, BI

☆ A Tesla worker who was hired and then laid off a month later says he can't pay his rent
▼ + stars: | 2024-04-17 | by ( Jyoti Mann | ) www.businessinsider.com time to read: +3 min

Tesla laid off more than 10% of its workforce, a memo sent by CEO Elon Musk showed. One worker who lost his job a month after joining Tesla told KVUE he couldn't pay his rent. AdvertisementAn employee who'd been working at Tesla for about a month learned he'd been laid off on Monday, local news station KVUE reported. This includes quietly removing inventory discounts for its EVs in the US, as Tesla investor Sawyer Merritt noted on X.AdvertisementMusk responded, "We are simplifying and streamlining the whole Tesla sales and delivery system. Musk announced his latest moonshot on X earlier this month and said Tesla would launch a self-driving taxi called "Robotaxi," which it would reveal on August 8.

Persons: Tesla, Elon Musk, KVUE, —, who'd, he'd, Ezekiel Love, Love, Insider's Grace Kay, Sawyer Merritt, Musk, Dan Ives, Ives Organizations: Tesla, Service, EV Locations: Texas

☆ A Tesla worker who was laid off a month after he joined says he can't pay his rent
▼ + stars: | 2024-04-17 | by ( Jyoti Mann | ) www.businessinsider.com time to read: +3 min

download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Read previewAn employee who'd been working at Tesla for about a month learned he'd been laid off on Monday, local news station KVUE reported. This includes quietly removing inventory discounts for its EVs in the US, as Tesla investor Sawyer Merritt noted on X.AdvertisementMusk responded, "We are simplifying and streamlining the whole Tesla sales and delivery system. Musk announced his latest moonshot on X earlier this month and said Tesla would launch a self-driving taxi called "Robotaxi," which it would reveal on August 8. Tesla didn't immediately respond to Business Insider's request for comment made outside of normal working hours.

Persons: —, who'd, he'd, Ezekiel Love, Love, Elon Musk, Insider's Grace Kay, Sawyer Merritt, Musk, Dan Ives, Ives, Tesla Organizations: Service, Tesla, EV, Business Locations: Texas

☆ I relocated across the country when Tesla asked. Then I was laid off 6 months later.
▼ + stars: | 2024-04-16 | by ( Grace Kay | ) www.businessinsider.com time to read: +4 min

On Sunday night, Elon Musk sent a company-wide email to Tesla staff announcing a workforce reduction of more than 10%. One laid-off Tesla worker said they moved about 6 months ago for the job before being let go. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . Then I went to my personal email account and I saw an email from Tesla that was sent out overnight. In that layoff letter they said the cuts were due to redundancy, but I didn't feel like my role was redundant.

Persons: Elon Musk, Tesla, —, hadn't, We're, I've, we're Organizations: Service, Tesla, Business Locations: California

☆ Tesla layoffs have reportedly also hit its international offices
▼ + stars: | 2024-04-16 | by ( Grace Kay | ) www.businessinsider.com time to read: +3 min

Elon Musk announced a 10% Tesla workforce reduction in an email to staff on Sunday night. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementTesla's layoffs will also reportedly impact its international workers. On Monday, some US Tesla employees were told during an all-hands meeting there would be further cuts outside North America, two sources told BI. Separately, Tesla started instructing managers in February to identify which roles at the company were business-critical and had temporarily delayed performance reviews.

Persons: Elon Musk, they'd, —, Workers who'd, Tesla, Musk Organizations: Reuters, Service, Business Insider, Workers, EV, BI Locations: Berlin, China, Germany, North America, Buffalo , New York

☆ Some Tesla factory workers realized they were laid off when security scanned their badges and sent them back on shuttles, sources say
▼ + stars: | 2024-04-15 | by ( Grace Kay | ) www.businessinsider.com time to read: +3 min

Typically, security guards inspect workers' badges at the site, but don't usually scan them directly, the two workers said. Related storiesThree other former Tesla employees said workers at the Fremont factory were told by security that if their badges didn't work they were no longer employed. The email sent directly to laid-off staff said the cuts would be effective immediately and workers would receive information regarding their severance within 48 hours. Tesla workers aren't the first to unceremoniously discover they've been terminated while trying to access their former place of work. Last year, some former Google employees told BI they learned they'd been laid off when they couldn't badge into the office.

Persons: —, Tesla, didn't, Elon Musk, Drew Baglino, Rohan Patel, they've, they'd Organizations: Service, Business, Fremont, BI, Google Locations: Tesla's, Sparks , Nevada, Nevada

☆ Read the memo Elon Musk sent Tesla staff announcing that the company is laying off more than 10% of the workforce
▼ + stars: | 2024-04-15 | by ( Jyoti Mann | Grace Kay | ) www.businessinsider.com time to read: +3 min

Elon Musk sent Tesla employees a memo on Sunday announcing the EV maker is laying off more than 10% of its workforce globally. Separately, Tesla started instructing managers in February to identify which roles at the company were business-critical and had temporarily delayed performance reviews. AdvertisementRead the full memo Elon Musk sent Tesla employees below:Over the years, we have grown rapidly with multiple factories scaling around the globe. This will enable us to be lean, innovative and hungry for the next growth phase cycle. As we prepare the company for the next phase of growth, your resolve will make a huge difference in getting us there.

Persons: Elon Musk, Tesla, I'm, Elon Organizations: Business, National Labor Relations Board Locations: California, Buffalo , New York

☆ A major Tesla executive left after 18 years at the company amid mass layoffs
▼ + stars: | 2024-04-15 | by ( Grace Kay | ) www.businessinsider.com time to read: +1 min

Drew Baglino, Tesla's SVP of powertrain and electrical engineering, resigned from Tesla on Sunday. The executive had worked at Tesla for over 18 years. AdvertisementDrew Baglino, Tesla's senior vice president of powertrain and electrical engineering, announced he'd left the company, becoming the latest major executive to depart Elon Musk's EV giant after the CFO stepped down in August last year. "I made the difficult decision to move on from Tesla after 18 years yesterday," Baglino wrote on X on Monday. "I am so thankful to have worked with and learned from the countless incredibly talented people at Tesla over the years.

Persons: Drew Baglino, Baglino's, Tesla, —, Tesla's, he'd, Baglino, gratified Organizations: Tesla, Service, Elon, Business Locations: Tesla's

☆ Tesla is laying off more than 10% of its workforce, memo shows
▼ + stars: | 2024-04-15 | by ( Grace Kay | Jyoti Mann | ) www.businessinsider.com time to read: +4 min

Tesla is reducing its workforce by more than 10%, per an internal memo seen by Business Insider. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . Some Tesla employees lost access to their emails and Teams by Monday, two people with knowledge said. Related storiesBefore the layoffs, Tesla said it employed over 140,000 workers globally, including over 20,000 at its Fremont factory in California. Musk told staff in May that he must personally approve all new Tesla hires.

Persons: Tesla, —, Elon Musk, Musk, Tesla's Organizations: Business, Service, Bloomberg Locations: Berlin, Fremont, California, Buffalo , New York

☆ Tesla is headed to trial, where a jury will soon decide whether it's to blame for a 2-year-old crashing a model X into his pregnant mom
▼ + stars: | 2024-04-14 | by ( Natalie Musumeci | Grace Kay | ) www.businessinsider.com time to read: +9 min

Read previewIs Tesla to blame for a toddler crashing his family's Model X SUV into his pregnant mother, injuring her? California mom alleges that the Tesla Model X was 'defective'In 2019, California mother Mallory Harcourt filed a lawsuit against Tesla over the incident, accusing it of negligence, consumer fraud, and product liability. "In no uncertain terms, Ms. Harcourt's own actions caused her injuries, and not any defect in Model X's design," Tesla's attorneys wrote. AdvertisementHarcourt's son "pressed the accelerator pedal, and the Model X moved forward slowly," the lawyers said. The Model X, the lawyers wrote in the brief, "functioned exactly as designed and very likely saved Ms. Harcourt's life."

Persons: —, Elon, Mallory Harcourt, Tesla, Harcourt, Santa Barbara, Getty, Mallory, Ms, Harcourt negligently, Tesla's, Harcourt's, Barrett Riley, Riley Organizations: Service, Business, Tesla, Santa, Chicago Tribune Locations: California, Santa Clara, Park, Florida

☆ Tesla tells Cybertruck employees that shifts will be shorter at the Austin Gigafactory
▼ + stars: | 2024-04-13 | by ( Grace Kay | ) www.businessinsider.com time to read: +1 min

Tesla sent an internal memo to Cybertruck employees recently. The memo describes shorter hours at the Austin Gigafactory. AdvertisementTesla told employees who work on the Cybertruck that shifts will be shorter on the production line at the Austin Gigafactory, according to an internal messaged viewed by Business Insider. Previously, workers clocked 12 hour shifts from 6 a.m. to 6 p.m. and 6 p.m. to 6 a.m.. They will now be working 11 hour shifts during the day and 10.5 hour shifts at night — from 6 a.m. to 5 p.m. and 6 p.m. to 4:30 a.m. — the memo said.

Persons: Tesla, Tesla's, —, Austin Gigafactory Organizations: Austin, Service, Business

☆ Some Tesla employees worry that layoffs are coming
▼ + stars: | 2024-04-13 | by ( Grace Kay | ) www.businessinsider.com time to read: +2 min

Tesla employees fear potential layoffs may begin as early as this weekend. NEW LOOK Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. AdvertisementSome Tesla employees are concerned that layoffs are imminent, possibly as soon as this weekend. This is the second time in a matter of months that anxiety over possible layoffs has set in at Tesla. The reviews were later rescheduled, three sources told Business Insider.

Persons: Tesla, —, Austin gigafactory, they'd, hadn't, There've, Tesla's Organizations: Service, Austin, Fremont, Business, Bloomberg, Business Insider . Workers, Big Tech, Google, Microsoft, EV Locations: Tesla

☆ Some Cybertruck owners report getting red warning screen alerts within days of taking delivery
▼ + stars: | 2024-04-13 | by ( Grace Kay | ) www.businessinsider.com time to read: +5 min

Some Cybertruck owners are reporting issues they say occurred shortly after delivery. AdvertisementSome Cybertruck owners are taking to the internet to report issues with their new Tesla pickup truck. Multiple owners have reported the same issueAt least five others who identified themselves as Cybertruck owners online have posted that they had seen the same warning screen. One Cybertruck owner on a Cybertruck owners forum said they'd seen the warning message, but had less success resetting the vehicle. It's not the only issue Cybertruck owners are flagging online — owners have also pointed out issues with the ADAS system and charging.

Persons: they've, —, Thomas Remo, Remo, they'd, Tesla, It's, Marques Brownlee, Brownlee Organizations: Service, YouTube, Business

☆ Ford offers Tesla drivers $1,500 discount to switch
▼ + stars: | 2024-04-13 | by ( Grace Kay | Graham Rapier | ) www.businessinsider.com time to read: +1 min

Ford is offering Tesla owners a special discount on its F-150 Lightning and Mustang Mach-E. The discount is reportedly called "Tesla Competitive Conquest Bonus Cash." download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . The automaker launched an initiative earlier this month to give Tesla owners a special discount on some of its cars. Ford is offering Tesla owners who purchase a F-150 Lightning or Mustang Mach-E an extra $1,500 off.

Persons: Ford, — Organizations: Ford, Service, Ford Authority

Read previewIt appears Elon Musk and Grimes are getting along again after the former couple sued each other last year, kicking off a contentious legal battle over the three children they share. Grimes shared a clip from the video game "Cyberpunk 2077: Phantom Liberty" in which a character she voices performs a song onstage and appears suspended in a holographic spider web. Musk sued the musician on September 7, 2023, to "establish the parent-child relationship" with the children. Related storyOn September 29, 2023, Grimes sued Musk, asking for primary physical custody and joint legal custody of their three kids. AdvertisementNeither Musk nor Grimes, or their representatives, have commented publicly on the custody battle.

Persons: —, Elon Musk, Grimes, Musk, didn't, Matteo Milleri, Anyma, Milleri Organizations: Service, Business, Lone Star State Locations: Texas, California, Italian, Belgium, Indio , California

☆ Ousted Tesla cofounder says a canceled $25,000 car could give China 'a chance to really spread'
▼ + stars: | 2024-04-11 | by ( Grace Kay | ) www.businessinsider.com time to read: +3 min

Tesla cofounder Martin Eberhard expressed disappointment over a report of Tesla canceling its $25,000 EV plans. AdvertisementTesla cofounder Martin Eberhard said a report that the electric-car maker has canceled a $25,000 EV could give China a boost. The billionaire also said Tesla plans to unveil its first robotaxi later this year. The carmaker has been facing pressure from EV companies in China, including BYD, which has been vying with Tesla for the title of top EV seller . Earlier this week, the Tesla CEO said "Chinese car companies are by far the most competitive."

Persons: Tesla, Martin Eberhard, Elon Musk, Eberhard's, —, Eberhard, Musk, Nicolai Tangen, Eberhard butted Organizations: Service, HSBC Global Investment, Reuters, Elon, Norges Bank Investment Locations: China, Hong Kong

☆ Elon Musk's go-to lawyer is facing possible sanctions over his behavior in the Tesla CEO's deposition
▼ + stars: | 2024-04-10 | by ( Grace Kay | ) www.businessinsider.com time to read: +5 min

Alex Spiro faces potential sanctions over his behavior during Elon Musk's deposition. An opposing lawyer accused Spiro, Musk's go-to attorney, of acting "astonishingly unprofessional." At several points in the deposition, Spiro and Bankston traded barbs. "I've rarely met a lawyer with less decorum than you, if you could be called a lawyer," Musk said to Bankston. First of all, I know you're not a Texas attorney," Bankston said after Spiro told his client not to answer one of his questions in the deposition.

Persons: Alex Spiro, Elon, Spiro, Musk's, Musk, —, Ben Brody, Brody's, Mark Bankston —, Sandy, Alex Jones —, Bankston, he's, Quinn Emanuel Urquhart, Sullivan, HuffPost, he'd, Brody, we're, I've, Alex ., Neil Heslin, Scarlett Lewis, Sandy Hook, Jesse Lewis, Alex Jones, Jones Organizations: Nazi, Service, Bloomberg, New Locations: Texas, New York, Thailand

☆ Elon Musk confirms that he used a secret account on X where he pretended to be a child
▼ + stars: | 2024-04-10 | by ( Grace Kay | ) www.businessinsider.com time to read: +3 min

The billionaire said he'd briefly used one account where he role-played as a child as a "test account." Some users on X tracked down the account after Musk posted a screenshot of his X interface last year in which the additional account appeared to be visible. pic.twitter.com/CmD06Mczmn — Elon Musk (@elonmusk) April 24, 2023The account in question, @ermnmusk, under the name "Elon Test," appeared to show Musk role-playing as a child — seemingly his three-year-old son. the account posted last year, in a post that has since been deleted, according to HuffPost. Advertisement"I don't use that account," Musk said in a deposition he sat for on March 27.

Persons: Elon Musk, he'd, Musk, —, sleuths, CmD06Mczmn — Elon, X, HuffPost, Ben Brody, Brody Organizations: Service, Nazi, Rose City Nationalists

☆ Tesla Cyberbeast auction hits $250,000 with only hours left to bid— take a look
▼ + stars: | 2024-04-09 | by ( Jordan Hart | Grace Kay | ) www.businessinsider.com time to read: +3 min

A souped-up Tesla Cyberbeast is up for auction on Sotheby's Motorsport. NEW LOOK Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. A Foundation series Cyberbeast is up for auction at Sotheby's Motorsport, and the window to place a bid is only hours away from closing. A week later, bids are topping out at $250,000 during the final hours of the auction. In a previous auction, one reseller was able to auction off their Cybertruck to a Porsche dealer for $244,500 — more than double the sticker price.

Persons: Tesla, —, Tesla's, Cyberbeast, ShibaInu —, GiveMeTheVin, Musk Organizations: Sotheby's Motorsport, Service, Tesla, Porsche Locations: Manheim

☆ Elon Musk admits he 'may have done more to financially impair' X than to help it
▼ + stars: | 2024-04-09 | by ( Grace Kay | ) www.businessinsider.com time to read: +1 min

Elon Musk said his social media posts may have harmed X's financial standing. Musk made the comments during a deposition for a lawsuit involving one of his posts on X. Since Musk's takeover, X has faced backlash over his posts and moderation policies, leading to an advertiser exodus. AdvertisementElon Musk admitted his posts on social media might have had a negative impact on X's bottom line. In a deposition for a lawsuit against the billionaire, Musk addressed concerns about his posting habits on X.

Persons: Elon Musk, Musk, X, — Organizations: Service, Business

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