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Tesla's pay cut ends: it may be easier to achieve the second quarter profit target

via:博客园     time:2020/7/6 13:04:30     readed:82


It's too much

Recently, Tesla's human resources department told the company's employees that, because of the pressure on the company's operation caused by the new epidemic, the salary of the business department was reduced by 10% - 30% since mid April, and the policy ended on June 29.

In addition, Tesla sent an email to its global employees reiterating the details of the future performance appraisal process.

It is understood that, affected by the epidemic situation, Tesla began to reduce the salary of American employees at different levels in mid April. Among them, the salary of senior executives above the level of vice president was reduced by 30%, that of managers below vice president and above director was reduced by 20%, and that of other employees was reduced by 10%.

According to the data, in the second quarter of this year, Tesla produced more than 82000 electric vehicles and delivered about 906500 electric vehicles. Compared with the previous Wall Street estimate of about 80000, Tesla's delivery performance exceeded expectations.

Combined with the cost reduction measures such as salary reduction and delay of performance bonus, Tesla may be able to achieve its profit target in the second quarter more easily.

In response, Tesla CEO musk also recently sent a congratulatory email to his employees to celebrate that the company's second quarter delivery and production both exceeded expectations.

It's worth mentioning that after overtaking Toyota as the world's largest car manufacturer by market value, Tesla's share price also soared.

Ten years after its listing, Tesla has risen 49 times, and its market value has exceeded 220 billion US dollars (about 1.55 trillion yuan).

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