- The median Tesla employee made $56,163 in 2018, the electric-car maker said in a proxy statement.
- That’s 81% more than the median American, according to the Federal Reserve Bank of St. Louis.
- In 2016, the last year for which data is available, the median American made $31,099.
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The median Tesla employee made $56,163 in 2018, the electric-car maker said in a proxy statement. That figure includes salary or wages, performance bonuses, and stock awards for full-time, part-time, and temporary employees excluding CEO Elon Musk, the company said.
Tesla’s median pay is 81% more than that of the median American, according to the Federal Reserve Bank of St. Louis. In 2016, the latest year for which data is available, the median American made $31,099.
Tesla’s 2018 median pay lags behind some competitors in the automotive industry like Ford and General Motors, as well as major tech companies like Alphabet and Facebook, though it exceeds that of other auto and tech companies like Fiat Chrysler and Apple.
Read more: There were some awkward surprises in Tesla’s latest financial filings
Here’s how much the median employee at the following US automotive and tech companies made in 2018:
- Fiat Chrysler: $37,504
- Ford: $64,316
- General Motors: $77,849
- Alphabet: $246,804
- Apple: $55,426
- Facebook: $228,651
Tesla has undergone multiple rounds of layoffs in the past year as it has sought to become consistently profitable. After two profitable quarters in the second half of 2018, the company posted a loss in the first quarter of this year.
Tesla had around 42,742 employees as of April 1.
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- Elon Musk says Tesla’s cars will defy the laws of the auto market and become more valuable over time. Experts say he’s probably wrong.
- Tesla’s stock is ‘caught in a flywheel of concerns,’ says Morgan Stanley analyst who just cut his price target for the 4th time this year
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