Job offer

Oct 10, 2017 13 Comments

I have a job offer at Tesla (previously solar city) for a senior equipment engineer with 5 years experience

110,000 in salary
50,000 in stock (4 year vesting period)

This seems below market to me. Is this a fair offer?

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TOP 13 Comments
  • Tesla
    jJhK51

    Go to company page Tesla

    jJhK51
    Tesla.... it is more about the mission. If you care about the mission. Do it. If you are seeking only money, might not be the place for you. The work is hard.

    However, if you can get a position out in Lathrop, that much money will net you a huge new house in the new swanky part of town.
    Oct 10, 2017 0
  • Jobvite / Mgmt
    cstmrfirst

    Go to company page Jobvite Mgmt

    cstmrfirst
    Wait are those stocks, options or RSUs?
    Oct 10, 2017 3
    • Jobvite / Mgmt
      cstmrfirst

      Go to company page Jobvite Mgmt

      cstmrfirst
      Not sure if I understood. What do you mean by 3x multiplier between RSUs and options?
      Oct 10, 2017
    • Tesla / Eng
      Toroid

      Go to company page Tesla Eng

      Toroid
      They're offering 50k in RSUs. RSUs are issued based on the 30-day rolling average of the close price on the issue date. You have the option to take some portion of that grant at a 3:1 ratio, for stock options with a strike price set by the closing stock price on the date of issuance. Ultimately, the options can be more valuable. But, the stock price has to reach 150% of the strike price, for that to be the case.
      Oct 15, 2017
  • Tesla
    parzivaI

    Go to company page Tesla

    parzivaI
    Seems in the range of other senior engineers at Tesla. Tesla doesn't have the money to pay market salaries right now. If that's what motivates you, you should probably look elsewhere.
    Oct 10, 2017 1
    • Tesla
      parzivaI

      Go to company page Tesla

      parzivaI
      Correlation is not causation. Elon has always said once Tesla is profitable the company would do better for the employees. It makes sense. I suspect this is the same for other other Elon companies.
      Oct 10, 2017
  • Tesla
    jJhK51

    Go to company page Tesla

    jJhK51
    You can tell people you work for Tesla :) they will be jealous. Lol

    Where is the job at? Bay area or out in the Valley?
    Oct 10, 2017 1
  • Eng
    broboto

    Eng

    PRE
    Google, Two Sigma, SpaceX
    BIO
    Builds dem skynets
    broboto
    No. But hey, it'll be fun. You're already bald?
    Oct 10, 2017 0