TESLA options

Armanino / Consultant
ww05

Go to company page Armanino Consultant

PRE
Deloitte, EY
ww05
Mar 14, 2021 5 Comments

How does Tesla assign options in its offer letter? What strike price and expiry date do they choose? Also how do they decide the stock price point when you join?

I recently signed my offer letter with Tesla but had to wait in order to join. I was wondering if I could ask my recruiter to change the percentage of options and stocks or would that be an issue? (Without changing my total value) #tech #automotive #tesla #jobs #salary #options

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TOP 5 Comments
  • Tesla
    uheridze0

    Go to company page Tesla

    uheridze0
    Stock price is an average price of the month you join. Options - strike price of the date you join(? I may be wrong here), expiry is 10y.
    Mar 14, 2021 2
    • Armanino / Consultant
      ww05

      Go to company page Armanino Consultant

      PRE
      Deloitte, EY
      ww05
      OP
      Wait so if I join today my strike price is 700 and expiry is 03/2031, that sounds quite reasonable. If tesla even goes to 720 and stays there i make money🤨

      Stock price makes sense.
      Mar 15, 2021
    • I’m having a similar question. But let’s say if I join on the 15th, the stock price will be the average of the entire month, or based on the average between 11/1 to 11/15? Also, the strike price will be based on the market closing price on the date I joined on the 15th? Is that correct? Thanks!
      Nov 9, 2021
  • Tesla
    Sbrk33

    Go to company page Tesla

    Sbrk33
    You can still change your percentage. But options strike price will be based on the average price in the month you join. 10 years or 90 days after you leave, whichever is first.
    Mar 14, 2021 1