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- Tesla will reward employees for "exceptional performance," according to a memo from Elon Musk obtained by BI.
- Musk told staff Tesla is working on a review that will provide merit-based stock option grants.
- The announcement follows a series of layoffs at Tesla earlier this year.
Tesla is implementing a system to reward "exceptional performance" with stock option grants.
Elon Musk told employees on Monday in a companywide email that the carmaker is working on an initiative to reward high performers at Tesla, according to three sources with knowledge of the issue and a screenshot of the email viewed by Business Insider.