How much Elon Musk reportedly pays his employees at Tesla as the richest man in the world
The billionaire cut 80% of staff at Twitter when he took over the platform
The amount that Elon Musk reportedly pays his employees at Tesla has been revealed.
The tech mogul is the richest man in the world, with a net worth of a whopping $400 billion.
In fact, he’s so rich that Musk has been predicted to become the first ever trillionaire by around 2027.
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His leadership of Tesla hasn’t been without controversy.
As the world turns more to remote working, Musk has been vocal against it, saying that if staff were against returning to the office then ‘they should pretend to work somewhere else’.
In an interview with Insider, Jim Cantrell, who was one of the founding employees at SpaceX shared what it was like to work with Musk.
He said: “Working with Elon was like working with two different people: the good Elon and the bad Elon, and you never knew which you were going to get.”
According to Cantrell, ‘good Elon’ was fun and had big ideas but ‘bad Elon’ came with a lot of yelling.
And now we’ve found out just how much his employees are compensated.
According to a report by Business Insider, the majority of Musk’s workforce at Tesla makes between $85,000 as a logistics analyst and $175,000 as a software development engineer.
It doesn’t seem like everyone is thrilled by it though, with some people who claim to know people who work for Tesla taking to social media to share their thoughts.
On Reddit, one user wrote: “I know a bunch of people at work there, 50 hours a week minimum for engineers, high stress, high turnover, etc.”
And another added: “A friend of mine who was on the vehicle team had to leave last year due to the insane hours.”
Cantrell went on to say: “Elon wouldn’t expect you to do anything he wouldn’t do, but the lengths he’s willing to go is unusual for most people. I suspect the same thing will happen at Twitter.”
Musk previously revealed that he’d cut about 80% of the workforce at X, formerly Twitter, when he took over the social media platform.
But it does seem like the remaining employees are on a great salary.
According to data collected from Glassdoor and Indeed, directors and group managers make over $235,000 while data scientists make around $267,000.
Analysts at X make around $135,000.
In 2023, an email to X staff was leaked where Musk had offered out stock grants to his employees.
The value of these shares equal a massive $20 billion.
In the email, Musk wrote: “I see a clear, but difficult, path to a >$250B valuation, meaning stock granted now would be worth ten times more.”