• News
    • Tech News
    • AI
  • Gadgets
    • Apple
    • iPhone
  • Gaming
    • Playstation
    • Xbox
  • Science
    • News
    • Space
  • Streaming
    • Netflix
  • Vehicles
    • Car News
  • Social Media
    • WhatsApp
    • YouTube
  • Advertise
  • Terms
  • Privacy & Cookies
  • LADbible Group
  • LADbible
  • UNILAD
  • SPORTbible
  • GAMINGbible
  • Tyla
  • FOODbible
  • License Our Content
  • About Us & Contact
  • Jobs
  • Latest
  • Topics A-Z
  • Authors
Facebook
Instagram
X
TikTok
Snapchat
WhatsApp
Submit Your Content
How much Elon Musk reportedly pays his employees at Tesla as the richest man in the world

Home> News

Published 13:04 12 Dec 2024 GMT

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

Rikki Loftus

Rikki Loftus

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.

Advert

A founding employee of SpaceX shared his experience working with Elon Musk (Chris Unger/Zuffa LLC/Getty Images)
A founding employee of SpaceX shared his experience working with Elon Musk (Chris Unger/Zuffa LLC/Getty Images)

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.

Advert

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.

Advert

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.”

It has been revealed how much Tesla employees make (Justin Sullivan/Getty Images)
It has been revealed how much Tesla employees make (Justin Sullivan/Getty Images)

And another added: “A friend of mine who was on the vehicle team had to leave last year due to the insane hours.”

Advert

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.

Advert

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.”

Featured Image Credit: Chris Unger/Zuffa LLC/Justin Sullivan/Getty Images
Elon Musk
Tesla
Twitter
Money

Advert

Advert

Advert

Choose your content:

a day ago
  • a day ago

    American businesses issued stark warning of cyberattacks as war in Iran escalates

    It could have a devastating impact on American companies

    News
  • a day ago

    Scientists issue warning after harmful species breed to form terrifying 'hybrid swarms'

    The new species can't be stopped from growing its colonies

    Science
  • a day ago

    Donald Trump's golden phone has everyone talking about his $640 'Rump' watch scandal

    The president's watches arrived with a major typo

    News
  • a day ago

    Telegram founder with over 100 children reveals how much of his $17,000,000,000 fortune they'll get

    His legion of kids won't be fighting over the inheritance

    News
  • Elon Musk speaks out about Tesla Pi phone that could rival the iPhone
  • Elon Musk reportedly makes Tesla train self-driving cars based off his own driving
  • Friend of Elon Musk overtakes Jeff Bezos and Mark Zuckerberg as second richest person on Earth
  • Elon Musk breaks silence following his posts about Trump with shocking post revealing how he truly feels