What Is the Tesla CEO-to-Worker Pay Ratio?
Tesla's CEO-to-worker pay ratio is 231:1 — CEO Elon Musk earned $15.0M in 2025, or 231 times the median Tesla employee's pay of $65,000. That is broadly in line with large-cap norms.
This page answers a common executive-compensation question: What Is the Tesla CEO-to-Worker Pay Ratio?. The answer draws on SEC DEF 14A proxy statements, the public disclosure mechanism for U.S. public-company executive pay. Every public company must file an annual proxy statement disclosing CEO and named-executive-officer compensation in detail. Why this matters for shareholders: executive compensation is the single most-disclosed governance metric at U.S. public companies, and the Dodd-Frank-mandated say-on-pay vote gives shareholders an explicit channel to express approval or dissent. Reading pay data well — including pay-versus-performance, peer-group selection, and time-vesting structures — is a basic part of stock-by-stock fundamental analysis.
The detailed answer below uses the actual proxy-statement filings, explains how to read them, and translates the executive-compensation accounting into the shareholder-relevant interpretation.
Tesla Pay Ratio Breakdown
- CEO-to-worker ratio
- 231:1
- CEO total comp
- $15.0M
- Median worker pay
- $65,000
- S&P 500 median ratio
- ~300:1
- Employees
- 140,473
- Pay-Performance grade
- C
Source: Tesla SEC DEF 14A proxy statement (Dodd-Frank §953(b) pay-ratio disclosure). S&P 500 median is an industry benchmark.
Public companies have been required to disclose the ratio of CEO pay to median-employee pay in their proxy statements since 2018, under Section 953(b) of the Dodd-Frank Act. At Tesla, Elon Musk's $15,000,000 total compensation works out to 231 times the $65,000 earned by the company's median employee — a Automobiles workforce of roughly 140,473 people.
For context, the typical S&P 500 CEO-to-worker pay ratio runs near 300:1, so Tesla's 231:1 figure is lower than the large-cap norm. The ratio is driven mostly by equity: Elon Musk received $7,500,000 in stock awards and $1,800,000 in option awards in 2025, versus $1,500,000 in base salary. Median worker pay reflects total cash and benefits for the employee at the 50th percentile of the company's global workforce.
Whether a high ratio is "fair" is contested. Critics argue wide gaps signal misaligned incentives and weak labor bargaining power; defenders argue CEO pay is mostly performance-linked equity that only pays out if shareholders gain. Tesla's three-year total shareholder return of -4.0% and Pay-for-Performance grade of C (56/100) are the data points to weigh that against.
In the most recent say-on-pay vote, 95.7% of shareholders approved the executive compensation plan. Strong shareholder support signals broad approval of the pay package.
Pay Ratio Inputs
| Component | Amount |
|---|---|
| Total Compensation | $15,000,000 |
| Base Salary | $1,500,000 |
| Stock Awards | $7,500,000 |
| Option Awards | $1,800,000 |
| Median Worker Pay | $65,000 |
| CEO-to-Worker Pay Ratio | 231:1 |
| Pay-Performance Grade | C |
Other Automobiles CEOs
Frequently Asked Questions
Tesla's CEO-to-worker pay ratio is 231:1. CEO Elon Musk earns approximately 231 times the median worker's pay of $65,000, as disclosed in the company's SEC DEF 14A proxy statement.
The typical S&P 500 CEO-to-worker pay ratio is around 300:1. Tesla's 231:1 figure is below that benchmark.
The ratio is driven mainly by equity. Elon Musk received $7,500,000 in stock awards and $1,800,000 in option awards in 2025, against base salary of $1,500,000. The median Tesla employee earns $65,000.
Elon Musk, CEO of Tesla, earned $15.0M in total compensation in 2025, including $7.5M in stock awards and $1,500,000 in base salary.
Elon Musk is the chief executive officer of Tesla (TSLA).
Our Pay-for-Performance Score rates Tesla as C (56/100), based on three-year total shareholder return of -4.0%, revenue growth of -1.0%, and shareholder say-on-pay vote approval.
More about Tesla
Tesla's CEO-to-worker pay ratio is 231:1 — CEO Elon Musk earned $15.0M in 2025, or 231 times the median Tesla employee's pay of $65,000. That is broadly in line with large-cap norms.
Source: SEC EDGAR DEF 14A proxy statements, 2026.