Tesla executives in China voluntarily cut their salaries by 20%-30%, and the salary of ordinary employees will remain unchanged

Author: WeiXing

Source: GPLP

On April 10, Beijing time, Tesla announced measures to cut wages in China. Tesla’s vice president and director level in China are consistent with the voluntary salary reduction at the US headquarters, while other employees’ salary remains unchanged.

Earlier, Tesla announced a salary reduction plan for employees in the United States. Among them, employees at the level of vice president and above, and directors and above are reduced by 20% to 30%, while ordinary employees will also be reduced by 10%.

It can be seen that the average employees in Tesla China have a smaller salary cut than those in the United States, and the overall impact of public health events is not as severe as that in the United States.

According to GPLP.cn, Tesla’s plant in Shanghai has resumed production in mid-February and its production capacity has gradually reached the expected output of 3,000 vehicles per week. In addition, on April 10, Tesla also announced the price of the Chinese version of the Model 3 rear-drive long-endurance version and the four-wheel drive high-performance version, and announced that it’s in production, the car will become Tesla’s second domestic model.

However, Tesla’s plants in Fremont, California and New York have been closed from March 24 due to public health events, and the time to resume work is to be determined.

Due to the resumption of production in China, Tesla’s overall wage cut in China is smaller than that in the US, and its production capacity is on the right track. GPLP.cn will keep an eye on Tesla’s performance.

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