Here's how much the salary of a Tesla new hire is in 2023

Whatever your opinion may be on Elon Musk and Tesla (TSLA) - Get Free Report, the company is part of the Magnificent Seven for a reason. And while the Tesla stock price has still not returned to peak 2021 levels, it still had an incredible year with growth of about 137% year-to-date.

The vehicle and energy company continues to hire new blood despite some layoffs earlier in the year and a key change in the hiring process triggered by founder Elon Musk. As of the end of 2022, Tesla had around 130,000 employees, hiring about 30,000 during the calendar year.

There are no specifics as to how much the company’s headcount has changed in 2023, but data from the U.S. Department of Labor on foreign hires shows that Tesla is still hiring, and includes the estimated base salaries of its new full-time hires.

The Data
The data shows 783 records of Tesla hires whose data was submitted to the Labor Department in 2023. But the data includes employees whose data was submitted to the Labor Department only until the end of June, though the start dates of these employees can stretch until the end of this year. It's also important to remember that the data is from international hires, most of whom are recipients of the H1B visa given to employees with citizenship outside of the U.S. A few have the E-3 visa, which is for Australian workers.

The jobs cut across the company from software, industrial and mechanical engineers, to architects and project managers. Roles are mostly located in Palo Alto and Fremont, California or at the company’s headquarters in Austin, Texas.

How Much Do Tesla New Hires Make in 2023?
The salary range for the 783 Tesla hires is large, with the minimum at $66,000 and the maximum at $262,500 per year. The median salary in the database is $140,000, not far from the average of all salaries at $144,049.

Only 5% of the employees (39) are making less than six figures, 53% (417) make between $100,000 but less than $150,000, 35% (276) are from $150,000 to $199,999, and 7% (51) are at $200,000 or more.

The lowest-paid Tesla employee on this list is an associate computer-aided design planner at $66,000, which is actually $14,000 less than the next lowest-paid role on the list. The highest-paid role is for a director of software engineering for $262,500.

Here are some of the job titles and their corresponding salaries (or ranges, if there are multiple) in the database. Note that other variables that may contribute to salary — such as tenure and previous work experience — are not clear.