Elon Musk Money: How Much Does The Richest Person On The Planet Pay Employees At Tesla?

Thanks to increasing demand for electric vehicles, Tesla Inc TSLA is one of the fastest-growing companies in the world.

CEO Elon Musk is also the richest person alive, and he's known for letting his workers share in the success of his companies. 

What To Know: Tesla doesn't publicly disclose salary information, but the EV maker is required to report offers in work-visa applications submitted to the U.S. Office of Foreign Labor Certification. 

According to a Business Insider report, Tesla pays a majority of its employees somewhere between $85,000 and $175,000.

Here's a look at some of the average salaries for various positions at the popular EV company. 

• Logistics Analyst: $85,333
• Associate Manufacturing Engineer: $93,983
• Quality Assurance Engineer: $104,221
• Test Engineer: $112,272
• Global Supply Manager: $119,890
• Technical Program Manager: $120,083
• Senior Hardware Engineer: $142,342
• Electronic Design Engineer: $161,157
• Mechanical Design Manager: $173,200
• Software Development Engineer: $175,703

The data doesn't include stock-based compensation, grants, individual performance rewards and bonuses that can exponentially increase overall pay, and Musk is known for putting incentives on the table.

Following his $44 billion takeover of Twitter, now called X, the billionaire offered stock grants to Twitter employees at a $20 billion valuation and told employees that he saw a "clear" path to grow the social media platform to a valuation of more than $250 billion.

Check This Out: X Marks The Spot For Twitter: US Steel Buyout Could Open Door For Musk To Claim Stock Ticker

It's not clear if similar deals were made at Tesla, but stock-based compensation has been particularly lucrative for Tesla employees in recent years, given the stock's incredible run from late 2019 to the end of 2021. 

According to data from Salary.com, multiple company executives were paid salaries between approximately $270,000 and $300,000 a year in 2020, but their equity in the company allowed them to make more than $46 million each.

The years 2022 and 2023 haven't been quite as profitable on the stock-based compensation front. Tesla shares have been volatile in recent years, but are essentially trading flat over a two-year period. 

Read Next: Here's Where Tesla May Find Support If The Stock Continues To Drive South

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