Tesla Employee Benefits: Discounts, Financing & More!

Tesla and SpaceX are companies that have revolutionized the automotive and space industries, respectively. They are known for their innovative products, cutting-edge technology, and forward-thinking approach. However, what sets these companies apart from others is not just their products but also the benefits they offer to their employees. Working for Tesla or SpaceX comes with a range of perks that can make the job even more rewarding.

In this article, we will focus on the benefits that Tesla employees receive, including the discounts and financing options available to them. Tesla offers its employees a range of incentives, from discounts on its products to access to events and launches. By exploring these benefits, we aim to provide current and prospective employees with valuable insights into what working at Tesla can offer beyond just a salary.

Additionally, we will also take a look at SpaceX, which is owned by Tesla, and the unique benefits that it offers to its employees.

Employee Benefits Overview

The employee benefits offered by Tesla are extensive and cover a range of services. One of the key benefits is the 35% discount on all Tesla products except cars. Additionally, employees have access to Tesla vehicles for work-related purposes and can participate in a referral program that offers discounts for potential buyers and a $10,000 referral discount for employees. They are also preferred on waiting lists for new vehicle launches and have free access to events and launches.

Other benefits include provisional discounts to induce sales of new products or features, the ability to trade paid-time work for purchasing a Tesla, and special financing options such as a 401K program and a 15% discount on stock prices twice a year. Employees can also take advantage of affordable loans to manage debts and expenses, as well as disability insurance and health insurance for medical, dental, and vision treatment.

Furthermore, the company offers life insurance benefits for families of deceased employees, high-quality training programs, and bonuses in addition to basic pay. Certain services are also provided for free including stock market consultation, financial planning consultation, tax breaks, overtime compensation, gynecology services, and paternity leaves.

Tesla Employee Discounts

One aspect of the employee benefits package at Tesla includes a program that allows for reduced prices on certain company products. However, it is important to note that this discount does not apply to Tesla cars.

Despite not being able to receive a direct discount on a vehicle, employees can still take advantage of other benefits such as the referral program which offers a $10,000 discount for employees who refer a new buyer. Additionally, employees have access to provisional discounts to incentivize the sales of new products or features.

While some may be disappointed that there is no direct discount available for Tesla cars, the company offers a range of other benefits that employees can take advantage of. These benefits include affordable loans, special financing options, and a 401K program with a 15% discount on stock prices twice a year.

Overall, the employee benefits package at Tesla is designed to provide employees with a range of financial and personal benefits that can help improve their quality of life both in and outside of work.

Financing and Other Employee Benefits

Various financial and personal perks are offered to eligible employees at Tesla and SpaceX beyond product discounts. These benefits are designed to support employees in various aspects of their lives, from financial management to personal health and well-being.

Here are four examples of some benefits provided by these companies:

  1. Affordable loans: Tesla offers its employees affordable loans through the Salary Finance program. This program allows employees to manage their debts and expenses by accessing loans at a lower interest rate than traditional loans. This benefit can be particularly beneficial for employees who need financial support but may not qualify for loans from traditional lenders.

  2. Stock options: Tesla employees can participate in the company’s 401K program, which includes the option to purchase Tesla stocks at a 15% discount twice a year. This benefit allows employees to invest in the company they work for and potentially benefit from its financial success.

  3. Health insurance: Both Tesla and SpaceX offer health insurance benefits to their employees, which cover medical, dental, and vision treatments. This benefit can be especially valuable for employees who may not have access to affordable health insurance elsewhere.

  4. Training programs: Tesla and SpaceX provide high-quality training programs to their employees, which can help them develop new skills and advance in their careers. These programs include both on-the-job training and formal training courses, and can be tailored to meet the specific needs of individual employees.