Elon Musk is about to ‘pocket’ billions of dollars thanks to Tesla

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Tesla is ahead of its record for car sales for a quarter, which also means that CEO Elon Musk could pocket billions more in bonuses this year.
Elon Musk is about to ‘pocket’ billions of dollars thanks to Tesla
Elon Musk

To set a record, Tesla (TSLA) will have to surpass the 112,000 cars it delivered to customers in the fourth quarter of last year. However, a recent email that CEO Elon Musk sent to Tesla employees said that the record was reached in the third quarter of this year.

"We had a record for the number of vehicles delivered in the quarter. This is the maximum number of vehicles per day that we ever have to deliver," Musk announced. “It is extremely important that we keep the plant’s output as high as possible for the remaining 10 days of the quarter. "This is very important for the California market."

Musk routinely sends these messages to employees urging them to hit their goals by the end of the quarter. This not only helps the electric car company have more motivation to conquer new milestones, but also helps the technology billionaire "pocket" huge profits.

Elon Musk doesn’t receive any direct salaries from Tesla, but a payroll approved by shareholders in 2018 gave Musk 101 million stock options during Tesla’s recent stock split.

Tesla shares have been among the best performing in the US market, up more than 400% this year, becoming the most valuable car maker in the world even though sales are only a fraction. Small compared to major car manufacturers. Earlier this month,  the target price for Tesla shares was $ 550.

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