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A recent Tesla proxy statement revealed that in 2018, a median employee of the electric car manufacturer earned $ 56,163 in salaries, wages, performance bonuses and free share awards. This figure is true for full-time, part-time and temporary employees, excluding Elon Musk.
According to data from the Federal Bank of St. Louis, the median American earned about $ 31,099 a year in 2016, the last year for which data on median earnings in the United States were available. Considering that the median salary of Tesla employees is $ 56,163, the electric car manufacturer's workers seem to receive about 81% more than the US median wage.
While the median salary for Tesla's employees is well above the US average, the company's compensation for employees is in the middle of the auto sector. In 2018, Tesla's median workers were paid less than Ford and GM, whose median employees earned $ 64,316 and $ 77,849, respectively. Tesla's median workers received more than the median employees of Fiat Chrysler, who received $ 37,504 in 2018.
Tesla's 2018 median salary is at the bottom of the spectrum compared to other technology companies, as is the industry leader, Apple, whose employees earned $ 55,426 in 2018. Median employees of other heavyweights like Alphabet and Facebook were earning a lot more, The median employee in both companies was $ 246,804 and $ 228,651, respectively.
Tesla experienced several layoffs this year as the company continued to streamline its operations on the current Model 3 ramp. To date, Tesla has indicated that as of April 1, it had approximately 42,742 employees.
Tesla is known to be a difficult business to work with, although such a reputation apparently adds to its appeal among candidates. Last October, for example, Tesla ranked as the "most popular" company in 2018 among candidates Effectively, a search engine related to the job. The company was also listed on HiringThe 2018 list of employers for which technicians want to work to the maximum, alongside giants such as Google and Netflix.
Part of the appeal of Tesla lies in the company's mission, which goes far beyond the manufacture of cars and energy storage products. Tesla's leadership, led by rockstar CEO Elon Musk, is also helping to strengthen the company's image as the place to be if you are motivated and willing to take on challenges. Musk is known for his bold leadership style that is not for the sensitive souls. Nonetheless, a survey of the Compensation Monitoring Web site In a comparable way revealed that Tesla and SpaceX employees regarded Elon Musk as one of the best CEOs of 2018.
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