Tesla Increases AI Engineer Salaries to Stay Competitive
Tesla is actively raising the salaries of their AI engineers to prevent them from being lured away by rival companies. As a leader in the automotive industry, Tesla faces stiff competition from tech giants who are also vying for top AI talent. To directly contend with these companies, like OpenAI, Tesla’s CEO Elon Musk is advancing the development of a new product named xAI. Ethan Knight, a notable Tesla employee, found himself at a crossroads but ultimately decided to join xAI over OpenAI.
In the face of increasing competition from heavy hitters such as Microsoft and Amazon, Musk’s strategy to keep Tesla at the forefront includes retaining a significant level of control within the organization. He has openly expressed his desire to hold at least 25% of Tesla’s voting power. Despite these strategic moves, Tesla’s stock price has taken a significant hit, dropping 32% over the last year.
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