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Tesla Skips Merit-Based Stock Awards To Employees
- By The Financial District
- Dec 22, 2023
- 1 min read
Tesla is not offering its employees yearly merit-based stock awards, Reuters reported, and did not offer any reason why Elon Musk balked at doling out his purported Christmas gifts to his workers.
The news comes after the United Auto Workers (UAW) said in November it is launching a first-of-its-kind push to publicly organize the entire non-union auto sector in the US, including Tesla. I Photo: Niall Kennedy Flickr
The news comes after the United Auto Workers (UAW) said in November it is launching a first-of-its-kind push to publicly organize the entire non-union auto sector in the US, including Tesla, after winning new contracts with the Detroit Three automakers.
The company's managers delivered the news to salaried employees, the report stated, adding that four employees from different departments told Bloomberg News they believe the move was widespread.
Workers were still given modest cost-of-living increases and adjustments to their base salaries, according to the report.
