The company will pay its founder and boss in one person, Elon Musk, a fourth reward for the most famous electric cars, which are linked to the company’s results, or to market value, sales and profit.
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The visionary is entitled to each of the 12 rewards in the form of shares, which could total him over $ 50 billion if Tesla fulfilled it. This year, Musk has already managed to obtain four blocks of these options.
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Tesla shares are among the most valuable in the US markets, this year their price climbed by more than 400 percent. This makes Tesla the world’s most valuable carmaker, even though its sales represent only a fraction of what the largest carmakers report.
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In total, Musk has already earned $ 11.8 billion in this way. According to Bloomberg, Musek’s fortune has more than quadrupled this year, exceeding one hundred billion dollars. It is also the largest increase in wealth in the entire billionaire index, in which the agency tracks the richest people on the planet. Currently, Elon Musk is in fourth place.
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American electric car manufacturer Tesla’s net profit rose 131 percent to $ 331 million (CZK 7.6 billion) in the third quarter, and Tesla also delivered a record 139,300 cars, while Tesla had to beat sales of more than 112,000 cars.
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In addition, the carmaker has had its fifth profitable quarter and is approaching its first profitable financial year. The company’s revenue rose 39 percent year over year to $ 8.77 billion from July to September. Analysts polled by Refinitiv expected revenue of $ 8.36 billion.
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However, some experts doubt that Tesla will fulfill its ambitious plan to deliver half a million cars to the market for the whole year. The carmaker set it before the pandemic, and in order to meet it, it would have to supply 182,000 cars to the market in the last quarter.
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Elon Musk agreed on a system of 12 one-time rewards with other shareholders in 2018. Part of the agreement is that the boss does not receive any salary from the company, but he will get his money’s worth with the company’s shares.
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Elon Musk has not yet exercised any of the options acquired, which is not uncommon. People who have been granted stock options usually do not use them unless they want to make money by selling the shares or until they expire. Remuneration is still only a fraction of Musk’s stake in Tesla, as he owns approximately 18 percent of the company.
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