Rewarding the Individual Continuous recruitment Growth, Pay and Advancement Our employee count has grown ~80 fold over the past decade. While many companies in the automotive industry have been trimming the number of employees and launching various early retirement schemes, we are planning to grow our employee base for years to come. Compensation Tesla provides a highly competitive wage that meets or exceeds that of comparable manufacturing roles, even before equity and benefits are factored in. In 2020, Tesla’s average national wage for manufacturing jobs in the U.S. was $21.14/hour plus benefits (which, among others listed on the next page, includes an option for $0 cost paycheck deductions) and equity, which is a 10.7% increase compared to 2019. According to the Bureau of Labor Statistics, the mean hourly wage for Production Associates / Assemblers is $16.73 and the median is $15.55. Tesla continuously reviews salary and wages against benchmarks and adjusts to ensure wages are competitive. Evaluations for promotions also take place annually. Pay equity At Tesla, we believe that equal work deserves equal pay. That is why we have a robust process for ensuring pay equity across our organization. We constantly evaluate our pay levels to help ensure that no pay gaps are created. Career advancement Tesla makes an effort to promote from within and a weekly email is sent to all employees listing available job openings with instructions on how to apply. Candidates are interviewed and selected based upon their skills and how they line up with the vacancy. Tesla Global Employee Count 80.000 60.000 40.000 20.000 0 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 65