Elon Musk's company Tesla has announced that it will begin to slash all its employee's salaries in the wake of the coronavirus pandemic. The development in the situation came as the health officials ordered the employees to shut their production in its California car plant until early May.
According to the company's officials, the pay cut is expected to be as less as about 10% of every employee's income than those of about 20% to 30% of the income cut of the employees holding managerial level positions and C suite level positions.