Tesla CEO Elon Musk, who has previously downplayed the coronavirus threat but later pledged the firm would send 250,000 masks to California hospitals, in Hawthorne, California, in 2019. Photo: Frederic J. Brown/AFP via Getty Images

Tesla will cut salaried employees' pay and furlough non-essential workers until May 4, when it expects to resume production at its Bay Area plant, several news outlets reported late Tuesday, citing an internal company memo.

The big picture: Higher-ranked officials will see a 30% pay cut, directors' pay will be reduced by 20% and all others' pay will drop 10%, per Bloomberg. Telsa suspended production last month at the Bay Area plant after authorities ordered all nonessential businesses to close in response to the novel coronavirus outbreak. Axios has contacted Tesla for comment.

Go deeper: Tesla says it can weather the coronavirus storm

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Ben Geman, author of Generate
59 mins ago - Energy & Environment

U.S. cities' lagging climate progress

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Reproduced from a Brookings Institution report; Chart: Axios Visuals

A just-published Brookings Institution analysis of U.S. cities' pledges to cut carbon emissions reveals very mixed results.

Why it matters: The potential — and limits — of city and state initiatives have gotten more attention amid President Trump's scuttling of Obama-era national policies.

New state unemployment filings fall to 787,000

Photo: Joe Raedle/Getty Images

First-time applications for unemployment fell last week, according to Department of Labor data released on Thursday.

Between the lines: The overall number of Americans relying on unemployment also fell to a still-staggering 23 million. But there are continued signs of labor market strain, with more people shifting to an unemployment program designed for the long-term jobless.

Updated 2 hours ago - Politics & Policy

Coronavirus dashboard

Illustration: Aïda Amer/Axios

  1. Politics: Chris Christie: Wear a mask "or you may regret it — as I did" — Senate Democrats block vote on McConnell's targeted relief bill.
  2. Business: New state unemployment filings fall.
  3. Economy: Why the stimulus delay isn't a crisis (yet).
  4. Health: Many U.S. deaths were avoidable — The pandemic is getting worse again.
  5. Education: Boston and Chicago send students back home for online learning.
  6. World: Spain and France exceed 1 million cases.