Are you a fan of Tesla’s electric cars? Have you ever wondered if working for the company would give you the ultimate perk of a free Tesla? Well, you are not alone. It’s a question that has been asked by many car enthusiasts and potential job seekers – it is just so natural to have such expectations from such a giant employer!
Tesla does not provide free cars to its employees due to its large workforce and global presence, making it an impractical expense. The company also promotes equality in the workplace and refrains from giving any advantage to anyone.
Why Does Not Tesla Give Its Employees Free Cars?
Workforce
The notion that Tesla should provide free cars to its workforce is simply not feasible, given the sheer number of employees in the company. As of 2022, Tesla’s total number of employees was 127,855, a significant increase from 2021, which had 99,290 employees. This translates to a growth rate of 28.77% in just one year. In 2020, the company had 71,934 employees, a whopping 77.7% increase in just two years.
Given these staggering numbers, it is easy to see why providing every Tesla employee with a free car would be impossible. Even if Tesla were to limit the free car benefit to only full-time employees, it would still be a significant expense for the company. In addition, Tesla has a global presence, with employees scattered across various regions and countries, which would make it even more challenging to provide each employee with a car.
Elon Musk’s Philosophy
Elon Musk, the CEO of Tesla, adheres to a business philosophy of equality. This refrains the company from providing free Tesla vehicles to anyone, including family and friends. This ensures that everyone is treated equally, and no one is given any advantage when new batches are made.
Moreover, promoting equality in the workplace is vital to creating an environment where individuals from diverse backgrounds can come together and share their perspectives. This leads to increased collaboration within and between companies, which can strengthen professional networks and build a cohesive team focused on achieving positive outcomes for the organization.
An Exception
There are some exceptions to Tesla employees not getting a free car. Some Tesla employees have reported being provided with a company car, shared among people for work purposes. The company car can also be taken home and used as a personal vehicle, but it does not belong to the employee and must be returned to company property regularly.
These company cars are primarily used for business purposes, such as traveling to meetings or visiting clients. However, they can also be used for personal errands or commuting to work. They are equipped with advanced technology, including the Autopilot system, which helps ensure the safety of the driver and passengers and is extremely beneficial for reaching client meetings in time.
What Benefits Do Tesla Employees Get?
Help in Buying a Tesla
Tesla employees can access using accrued paid time off to help finance their purchase of a Tesla. This benefit can save employees thousands of dollars when they want to buy a new car. Tesla also offers a discount on its company clothing line, enabling employees to purchase clothes for the whole family at an affordable price.
Vacations
Another benefit is the unlimited vacation days that salaried employees can take. This benefit allows employees to take as many vacation and sick days as needed without being punished or penalized for an extended vacation. Tesla also offers wellness and paid-time-off benefits to its employees, such as parental leave, an on-site gym, and fitness classes. The company provides 12 weeks of maternity leave and seven weeks of paternity leave for new parents.
Insurance
Tesla offers its employees comprehensive health insurance that covers everything from hospital accommodations, medication, travel emergencies, dental, and vision. The insurance package includes 17 weeks of disability pay at 67% of normal wages. Tesla employees also get a 35% discount on Tesla merchandise and services, including travel, childcare, and entertainment.
Disability Insurance
Tesla’s employees enjoy other benefits such as excellent disability insurance. Tesla offers long-term disability, where the company pays 60% of the employee’s salary when they cannot work due to medical incapacity. They also offer short-term disability, where the company pays 66.7% of the employee’s salary for up to 17 weeks.
Awesome Experience
Tesla also invests in training its employees in the latest technology to build their highly specialized cars. The Tesla Learning Center in Fremont, California, provides employees with continuous training in cutting-edge technical skills. Former Tesla employees do not struggle to seek jobs in other organizations since their experience letters guarantee their expert skills.
Discounts
Tesla employees can access financial benefits such as a 401K program, Life Insurance, and Employee Stock Purchase Plan (ESPP). Employees can get a 15% discount on Tesla stocks twice a year during predetermined buying periods. Additionally, employees can enjoy discounts on company stock twice a year during specific buying periods, where they can get a 15% discount on Tesla stocks.
Concluding Remarks: Do You Get a Free Tesla if You Work for Tesla?
Tesla’s enormous workforce and global footprint make offering complimentary vehicles to its employees impractical. Moreover, the company prioritizes workplace fairness and avoids favoritism towards any individual, including staff and their families. Though the employees remain deprived of a free car, they enjoy several other benefits that are worth working for. Tesla offers its employees several benefits, such as using accrued paid time off to finance purchasing a Tesla, unlimited vacation days for salaried employees, and comprehensive health insurance. The company also provides long-term and short-term disability insurance, an on-site gym, fitness classes, 12 weeks of maternity leave, and seven weeks of paternity leave. Tesla employees can access financial benefits such as a 401K program, life insurance, and employee stock purchase plans. The company also invests in continuously training its employees in the latest technology to build their cars.
