Musk Apologizes for ‘Incorrectly Low’ Tesla Severance Packages

Elon Musk said some of the severance packages sent to former Tesla Inc. employees as part of its biggest-ever workforce reduction were too low.

“As we reorganize Tesla it has come to my attention that some severance packages are incorrectly low,” Musk said in a short email sent to employees on Wednesday and seen by Bloomberg News. “My apologies for this mistake. It is being corrected immediately.”