Elon Musk: Tesla salaries are increasing to fend off rivals poaching staff

April 5, 2024 E Jazz Reporter

The engineers at Tesla are seeing their salaries increase after Elon Musk claimed that companies like Meta are trying to poach their top talent.

Musk is also in the market for engineers to join his artificial intelligence (AI) startup xAI. He recently snapped up Ethan Knight from Tesla. Musk said “Ethan was going to join OpenAI, so it was either xAI or them. They (Musk’s market rivals) have been aggressively recruiting Tesla engineers with massive compensation offers and have unfortunately been successful in a few cases.”

The billionaire who ranked in the Top 10 of the Forbes Rich List rankings would make the comments on X (Formerly Twitter) when responding to a question about staff pay:

Is Tesla matching these compensation offers?

» …

← Trader Joe’s Accused of Copying Smaller Brands in New Report: ‘Reminds Me of the Fast Fashion Model’
Wolfpack big man Burns: No interest in football →