Elon Musk , Set to Collect $23B , Tesla Bonus.
According to 'The Guardian,' Elon Musk is set to collect a $23-billion bonus after Tesla reported record quarterly profits.
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According to 'The Guardian,' Elon Musk is set to collect a $23-billion bonus after Tesla reported record quarterly profits.
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Musk is already the world's richest person and is worth an estimated $249 billion.
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On April 20, Tesla announced share price and financial growth milestones in its earnings.
In the first quarter of 2022, Tesla made an adjusted profit of $5 billion on revenue of $18.8 billion.
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That's an 81% increase from the same time in 2021.
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In 2018, Musk was offered a deal that promised him a $55.8 billion bonus if he built Tesla into a $650 billion company within 10 years.
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In 2018, Musk was offered a deal that promised him a $55.8 billion bonus if he built Tesla into a $650 billion company within 10 years.
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'The Guardian' reports that Musk achieved that goal in January of 2020, eight years ahead of schedule.
Today, Tesla has, a market value, of $1.1 trillion.
Since January of 2018, Tesla share prices, have climbed 1,600%.
On April 21, shares, surged 11%, to reach $10.60.
The future is very exciting.
I’ve never been more optimistic or excited about the future of Tesla than I am right now, Elon Musk, investor earnings call, via 'The Guardian'.
Julia Davies, a member of Patriotic Millionaires U.K., a group of super-rich people pushing for a more equal society, harshly criticized the unprecedented payday.
Julia Davies, a member of Patriotic Millionaires U.K., a group of super-rich people pushing for a more equal society, harshly criticized the unprecedented payday.
How many millions of people could be lifted out of current fuel poverty ... with that bonus – instead of giving one man an even greater fortune to play God with?, Elon Musk, investor earnings call, via 'The Guardian'
