Welcome to Benefits at Tesla

Core benefits

Medical cover

Tesla provides two medical plan options through Aetna PPO and HSA plans, both offered at no payroll deduction to employees. This ensures comprehensive healthcare coverage without additional financial burden.

Pension / Retirement

Tesla matches employee pension contributions up to 9%. In addition, employees have access to a 401(k) plan with employer match, ensuring a solid foundation for retirement savings.

Death Cover

Tesla provides company-paid Basic Life Insurance, Accidental Death and Dismemberment (AD&D) insurance, along with short-term and long-term disability insurance, offering significant financial protection for employees and their families.

Disability Cover

Short-term and long-term disability insurance is fully covered by Tesla, ensuring employees receive a portion of their salary if they are unable to work due to illness or injury.

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Health & Wellbeing

Tesla is dedicated to providing a balanced work environment through a wide range of benefits. These offerings support employee well-being, covering physical health, mental health, and overall work-life balance

• Gym Membership: Tesla promotes physical well-being through its wellness program, offering employees discounted memberships to the "Gympass" app. Gympass provides access to live-streamed fitness classes and personal training sessions. Additionally, Tesla has onsite gym facilities, giving employees convenient options to stay active and maintain a healthy lifestyle.
• Dental Cover: Tesla offers comprehensive dental plans, which include orthodontic coverage. Employees can choose plans with a $0 paycheck contribution, ensuring that essential dental care is accessible without financial stress.
• Eye Care: Vision coverage is included alongside dental plans. Employees can opt for vision plans that also come with a $0 paycheck contribution, covering eye exams, glasses, and other vision-related services, ensuring strong eye health for employees.
• Mental Health Support: Tesla supports employees' mental well-being through its Employee Assistance Program (EAP). The EAP provides confidential counseling, mental health resources, and support for employees dealing with personal or work-related challenges.

These benefits demonstrate Tesla’s commitment to fostering a healthy, balanced, and supportive work environment for its employees.

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Lifestyle

Tesla is dedicated to providing a balanced work environment through a wide range of benefits. These offerings support employee well-being, covering physical health, mental health, and overall work-life balance

• Cycle to Work: Tesla encourages eco-friendly commuting by supporting a Cycle to Work scheme, promoting a healthy and sustainable lifestyle for employees.
• Language Learning: Employees at Tesla have access to language learning opportunities as part of their personal and professional development, helping them expand their skill set.
• EV Car Leasing: Tesla offers an EV Car Leasing program, providing employees with an environmentally friendly and cost-effective way to lease electric vehicles, supporting Tesla’s mission of sustainability.
• Travel Insurance: Tesla provides comprehensive travel insurance to ensure employees are covered during work-related trips, offering peace of mind for both domestic and international travel.
• Volunteering Leave: Tesla supports community engagement by offering volunteering leave, giving employees the opportunity to take paid time off to participate in charitable and volunteer activities.

These perks reflect Tesla’s commitment to promoting sustainability, personal growth, and community involvement among its employees.

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Family

• Spouse’s Life Assurance: Tesla provides life insurance coverage for spouses, ensuring financial protection for employees' families in the event of an unforeseen tragedy.
• Assisted Reproduction Support: Tesla offers assisted reproduction support, covering fertility treatments and family planning services to help employees with family-building needs.
• Pet Insurance: Employees have access to pet insurance, covering veterinary expenses to ensure their pets’ health and well-being.
• Personal Accident Cover: Tesla includes personal accident coverage, offering financial support in case of accidents, helping alleviate the burden of unexpected injuries.
• Employee Assistance Program (EAP): Tesla’s Employee Assistance Program offers confidential counseling and resources to help with personal and work-related challenges, supporting mental health and overall well-being.
• Maternity Leave: Tesla provides 16 weeks of paid maternity leave, giving new mothers the time and financial support they need to bond with their newborns and adjust to parenthood.
• Paternity Leave: New fathers and partners are eligible for 7 weeks of paid paternity leave, allowing them to support their families during the critical early stages.
• Adoption Leave: Tesla offers adoption leave with the same benefits as maternity and paternity leave, providing financial assistance and time off for adoptive parents to bond with their new child.

These family-focused benefits demonstrate Tesla’s commitment to supporting its employees and their families throughout every stage of life.

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Finance

• Savings Plan: Tesla offers a 401(k) plan with an employer match, helping employees build long-term financial security by contributing to their retirement savings.
  Share Scheme: Employees can participate in Employee Stock Purchase Plans (ESPP), which allow them to purchase Tesla stock at a 15% discount, enabling employees to invest in the company's growth and benefit from its success.
• Financial Wellbeing Coaching: Tesla provides access to financial wellbeing coaching, offering personalized advice and resources to help employees manage their finances and achieve their financial goals.
• Debt Refinancing Loans: Employees can access debt refinancing loans, providing financial support to consolidate existing debts and reduce the financial burden of high-interest loans.
• Discounts Portal: Tesla offers a comprehensive employee discounts and perks program, giving employees access to exclusive discounts on a wide range of products and services, from travel to entertainment and everyday shopping.
  Legal Services: Tesla includes voluntary benefits that cover critical illness, hospital indemnity, accident insurance, identity theft protection, legal services, and pet insurance.

These services offer financial protection and peace of mind in case of unexpected life events.These benefits reflect Tesla's commitment to supporting employees' financial health and offering a broad range of resources to ensure security and peace of mind.

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Flexible allowance

Tesla offers a diverse range of benefits designed to support the development, well-being, and lifestyle of its employees. These include learning and development opportunities with educational assistance up to $5,250 annually, and environmental initiatives like electric vehicle leasing and cycle-to-work programs, aligning with Tesla's sustainability mission. The company also promotes employee well-being through Gympass memberships, on-site fitness facilities, and comprehensive health plans, along with mental health support via the Employee Assistance Program. For business-related travel, travel insurance ensures coverage and security. Additionally, Tesla fosters community involvement by offering volunteering leave, allowing employees to take paid time off for charitable activities. These benefits reflect Tesla's commitment to fostering a well-rounded, sustainable, and socially responsible work environment.