Why Did Tesla Cut Salaries?
In 2020, Tesla CEO Elon Musk planned to give collective salary increases to employees at the Shanghai Gigafactory. What should have been great news was met with collective opposition from domestic automakers, forcing Tesla to reduce worker base salaries from 10,000 yuan to 8,000 yuan, then down to 5,000 yuan, with benefits cut in half.
The reason? Tesla's salary increases would allegedly disrupt the market and cause their own employees to jump ship to competitors.
Of course, there's an unspoken reason: when worker wages rise, bosses earn less. Despite this, Tesla's
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