AutoBeta(AutoBeta.net)04/08 Report--

Tesla announced a new pay cut for all employees on Tuesday and plans to keep all hourly workers without pay, according to foreign media reports. On how Tesla China will implement the corresponding wage reduction policy, Tesla said: "the measures in China will be different."

According to an email sent by Tesla's North American personnel department, Tesla will temporarily take salary cuts to cut expenses from April 13. Specifically, the salary of vice president and above will be cut by 30%, that of director and above by 20%, and that of all other employees by 10%. As for non-US employees, there will also be corresponding pay cuts, details of which will be communicated by the local leadership team in accordance with local laws and unions, which are expected to last until the end of the second quarter.

Tesla plans to resume production at the Fremont plant in the United States by May 4. Earlier, Tesla, under pressure from the local government, shut down production at the Fremont plant, the largest by volume, on March 23, which is responsible for the production of Model S, Model X, Model3 and Model Y electric vehicles.

Tesla Shanghai Super Factory began to resume work on Feb. 10 and is now close to full resumption, with a weekly output of about 3000 vehicles. However, some internal employees said that as part of Tesla's parts supply chain still depends on overseas imports, it is not easy to start mass production in full.

Last week, Tesla released first-quarter production and sales figures, which showed that Tesla's first-quarter production rose 33 per cent year-on-year to 103000 vehicles and sales rose 15 per cent to 88400 vehicles, the best first-quarter performance on record.

However, under the excellent production and sales performance, Tesla, who is in the hardest-hit area of the epidemic, chose to reduce the salary of all his staff. According to the latest data at 3: 00 a.m. on April 8, according to Johns Hopkins University COVID-19 epidemic statistics, the United States has a total of 383256 confirmed cases and 12021 deaths, making it the country with the largest cumulative number of confirmed cases in the world.

At present, Tesla has joined the production of ventilators. In a video posted by Tesla on his official YouTube showing the prototype of Tesla's ventilator, a Tesla engineer said the company's ventilator design could use many parts of Tesla's car, including the Model 3 entertainment information system screen and computer, as well as some parts of the Model 3 suspension system.

Affected by the epidemic, Tesla's share price has fallen by more than 20 per cent in the past month. Tesla's shares also rebounded on Tuesday after announcing a new Q1 record, closing up 5.66 per cent year-on-year to $545.45, bringing the total market capitalization back to $100bn.

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