Skip to main content

A startup offers new Tesla Model 3 as a perk to all its employees

A Raleigh-based startup and maker of scientific instruments, Practichem, announced that it will start offering brand new Tesla Model 3’s to employees. Prior to the Model 3 unveiling, another company, San Antonio-based Architecture firm Lake Flato, announced that it will also include the Model 3 in its employees perks by offering to its staff the opportunity split the $1,000 cost of the reservation deposit for the Tesla Model 3.

But Lake Flato’s offer is now outshined by Practichem’s initiative.

Founder and CEO Nick DeMarco on the offer:

“I was looking into what we can do to retain the folks we have today, and what we can do to attract more folks. And I have a Tesla obviously (standing in front of his Model S). The Model 3 came out and I started to run some numbers.

What if we started giving Model 3’s as a perk to our employees? Every time I was running the numbers it kept coming back showing that we can do this so why not do it. So why not do it.”

Practichem currently has 15 employees. At a minimum of $35,000 before incentives per vehicle, that’s a significant half million dollar purchase and only the beginning, as DeMarco doesn’t hide the fact that he hopes to attract more talent with the offer and therefore build a bigger Tesla fleet.

The company secured a $5 million funding round last year, which should help finance its Model 3 perk. Unless they already reserved the vehicles, they shouldn’t expect a delivery until late 2018 – so they have plenty of time to figure out how to pay for them anyway.

The News & Obsever published a quick video with DeMarco:

 

FTC: We use income earning auto affiliate links. More.

Stay up to date with the latest content by subscribing to Electrek on Google News. You’re reading Electrek— experts who break news about Tesla, electric vehicles, and green energy, day after day. Be sure to check out our homepage for all the latest news, and follow Electrek on Twitter, Facebook, and LinkedIn to stay in the loop. Don’t know where to start? Check out our YouTube channel for the latest reviews.

Comments

Author

Avatar for Fred Lambert Fred Lambert

Fred is the Editor in Chief and Main Writer at Electrek.

You can send tips on Twitter (DMs open) or via email: fred@9to5mac.com

Through Zalkon.com, you can check out Fred’s portfolio and get monthly green stock investment ideas.