Tesla, the company founded by Elon Musk, has been making waves in the automotive industry since its inception. With a focus on sustainable energy and cutting-edge technology, Tesla has become a leader in the field of electric vehicles. One such benefit that sets Tesla apart from other companies is the Tesla Employee Discount program.
If you’re a Tesla employee, you’re in luck when it comes to purchasing one of these sleek vehicles. Tesla offers discounts to its employees as part of its benefits package. This means that not only do employees get to work for an innovative and world-changing company, but they also have access to exclusive deals on some of the most sought-after cars on the market.
According to reports, eligible employees can receive up to a 35% discount on select Tesla vehicles. This discount applies to both new and used vehicles sold by the company. This applies to all Tesla models, including the popular Model S and Model X luxury vehicles and the more affordable Model 3 and Model Y. This means that even those who thought they could never afford a Tesla can now potentially make their dream car a reality through employment with the company or by knowing someone who works there.
Background On Tesla Employee Discounts
Tesla has established a reputation for offering some of the most significant and comprehensive employee benefits in the automotive industry, including generous discounts on its electric vehicles (EVs) and energy products.
The employee discount program at Tesla was implemented in 2010. The program allows eligible employees to purchase any new Tesla vehicle at a discounted price that is much lower than what customers would pay for the same car. This discount scheme applies to all full-time and part-time employees who have completed six months or more of service with the company.
Besides offering discounts on new vehicles, Tesla also extends benefits through its referral program. It encourages existing Tesla owners to refer friends and family members to buy new cars from the company by providing rewards such as free supercharging miles or cash bonuses.
What Are Available Tesla Employee Discounts?
Did you know that Tesla’s discounts are not just limited to cars but extend to other products and services as well?
One of the most significant employee benefits at Tesla is the discount on new car purchases. Employees can purchase a new Tesla car with a discount ranging from $3,000 to $5,000 depending on the model they choose. The discount is also available to immediate family members of employees. Employees can take advantage of special lease programs that offer reduced monthly payments and no down payment.
Apart from vehicle discounts and free charging facilities, Tesla also offers its employees access to exclusive events such as product launches and factory tours. Employees can also take advantage of discounted rates for gym memberships or wellness programs that are provided by the company’s partners. Tesla employees receive special insurance rates through the company’s preferred insurance providers.
Have discussed previously, Tesla’s Superchargers are a network of fast-charging stations built specifically to charge Tesla cars quickly. With pay for Tesla Supercharge, Tesla employees get discounted rates when using these chargers compared to what members of the public would have to pay. This means that they can recharge their electric vehicles on longer journeys at reduced costs, making it much easier and more convenient to travel long distances without worrying about running out of juice.
Complete Self And The Auto-Throttle Equipment 3 Test Schemes
Tesla has recently implemented a new test scheme for their auto-throttle equipment 3, which aims to enhance the safety of their vehicles and improve the driving experience for Tesla owners. As part of this new testing process, employees are now required to complete a comprehensive self-assessment before operating any Tesla vehicle equipped with auto-throttle equipment 3.
The self-assessment is designed to evaluate an employee’s understanding of how the auto-throttle system works and assess their ability to operate it safely. The assessment covers topics such as how the system functions in different driving conditions, what actions should be taken in case of malfunctions or errors, and how to troubleshoot common issues that may arise during operation. This testing scheme ensures that all employees who operate Tesla vehicles are properly trained and have a thorough understanding of how to use this critical safety feature.
Corporation Apparel At a Discount
You may hear that Tesla offers an employee discount program on their branded apparel?… Yes, it’s true. Tesla provides an opportunity for their consumers to purchase high-quality clothing at a discounted price.
The company’s online store features a wide range of products including t-shirts, jackets, hats, and bags. With the Tesla Employee Discount program, workers can enjoy up to 30% off these items. The discounts vary depending on the product and are subject to change over time. Employees can access this benefit through their internal portal or by contacting HR directly.
Car Discounts for Paid Time Off
What many people don’t know is that Tesla also offers paid time off incentives that can further reduce the cost of a new car.
The program works by allowing employees to accumulate paid time off (PTO) hours based on their tenure with the company. These PTO hours can then be redeemed for a discount on a new vehicle purchase, with some employees able to save up to $5,000 or more. This makes owning a Tesla more accessible than ever before for those who work at the company.
Paid Time Off Indefinitely
Tesla announced that its employees can avail of paid time off indefinitely. The new policy comes as a part of Tesla’s commitment to ensuring employee wellness and work-life balance. Here’re some key points regarding the new policy:
- The policy allows Tesla employees to take unlimited paid time off for personal reasons such as illness, family emergencies or simply taking a break from work.
- Employees will continue to accrue vacation days and receive their regular salary during the time they are away from work.
- This initiative is a unique and innovative approach toward employee well-being and underscores Tesla’s commitment to being an employer of choice.
- Tesla also offers its employees a 20% discount on all company products including cars and solar panels. This benefit has been extended to both full-time and part-time employees who have completed six months with the organization.
Comprehensive Medical Coverage
Tesla employees have access to a comprehensive medical coverage plan that is designed to provide them with peace of mind. This plan covers everything from preventative care to major medical expenses, ensuring that employees and their families are protected at all times. Whether you need routine check-ups or more specialized care, this coverage has got you covered.
Some of the benefits of this medical coverage include:
Access to a wide network of healthcare providers: Tesla employees can choose from a network of doctors and hospitals that offer high-quality care at affordable prices.
Comprehensive prescription drug coverage: The plan covers an extensive range of prescription drugs, giving you access to the medication you need when you need it.
Mental health services: The plan includes mental health services, including counseling and therapy sessions for employees who may be dealing with stress or other issues.
Company Stock At a Discount
This employee discount program is quite generous and can be a great way for employees to invest in their financial future.
The Tesla Employee Discount Program allows eligible employees to purchase shares of Tesla stock at a 10% discount off the market price. This means that if Tesla’s current share price is $500, eligible employees can purchase shares for just $450. The program has been available since 2012 and has helped many employees build wealth through this investment opportunity.
This employee stock option plan (ESOP) is not only beneficial for Tesla employees but also for investors who are looking for an opportunity to buy shares of this rapidly growing company. The ESOP enables employees to acquire shares at a lower price compared to what they would pay in the open market. These shares come with certain tax advantages which make them more attractive than ordinary stocks.
How To Use Your Tesla Employee Discount
Till now we’ve discussed several benefits that Tesla is providing to their customers. Now, how can you use your Tesla Employee Discount? Here are the steps, follow them:
- Log into your Tesla account and select “Tesla Employee Purchase Program” from the menu.
- Choose the vehicle model you want and customize it to your preferences.
- Once you’ve selected the options you want, add them to your cart and proceed with checkout.
- Make sure to enter your unique employee discount code at checkout.
- You’ll see the discounted price reflected in your total before completing the purchase.
- If you’re financing or leasing, make sure to provide any necessary documents and follow any additional steps required by Tesla’s finance team.
- Finally, sit back and enjoy driving off in your new electric vehicle!
Being one of the most innovative companies, a part of its success lies in its commitment to providing top-notch training to its customers. Tesla has a comprehensive training program that equips its customers with the knowledge and skills required to operate and maintain their electric vehicles.
The company offers both online and on-site training, depending on the customer’s preference. The online training covers a wide range of topics, from charging infrastructure to software updates. It is accessible via Tesla’s website, and it takes less than an hour to complete. On-site training is more hands-on and provides practical experience with Tesla cars under expert guidance.
Tesla’s focus on education extends beyond just driving lessons. They also provide detailed instructions for maintaining your car so that it stays in top condition for years to come. The company offers regular service appointments through its mobile service fleet or at one of Tesla’s service centers worldwide.
With up to $5,000 off new vehicle purchases and $1,000 off solar panel installations, employees can take advantage of the company’s innovative products. Also, the Tesla employee discount extends to family members and significant others, further enhancing the value of the program. By providing these facilities, Tesla shows its commitment to investing in its employees’ well-being while promoting sustainable energy solutions. As a bonus, it also helps to increase employee engagement and loyalty. If you’re considering a career at Tesla or already working there, be sure to take advantage of this valuable benefit.
Frequently Asked Questions
Do Tesla employees get free autopilot?
No, Tesla employees do not receive free Autopilot. This feature is a paid upgrade that customers can purchase when buying a Tesla vehicle. It includes features such as automatic lane changes, summon (the ability to remotely move your car in and out of tight parking spaces), and Navigate on Autopilot (which guides the car from highway on-ramp to off-ramp). While some Tesla vehicles come with basic Autopilot features included, any additional upgrades must be purchased separately by the owner.
Does Tesla cover the cost of education?
Yes, Tesla also includes an education assistance program designed to help employees pursue further education. This program covers up to $5,250 per year in tuition fees for eligible courses at accredited institutions. This includes undergraduate and graduate degree programs as well as professional certifications that are relevant to Tesla’s business operations.
Are Tesla workers adequately compensated?
Yes, according to Glassdoor, the average Tesla employee earns an annual salary of $94,000 and receives stock options as part of their compensation package.