Get to know more about how Elon Musk’s Tesla will dominate the world sooner or later.
Electric Carmaker Tesla has been skyrocketing on the stock market. With this, Elon Musk’s company is now way ahead with some of the auto industry’s veteran companies like Ford and General Motors. It is undeniable that Tesla’s effort of maintaining the mark as the highest valued car-making company in the U.S. was cut short. However, their brief surge to the top just indicates what the company can do.
Tesla Has Been Surging In Stocks
With that, Elon Musk has gone ahead and boasted that it is also an indication of a better future for Tesla. Musk has recently issued a letter, which was then sent to its German automation subsidiary, Tesla Grohmann. Here, Musk explained to his disappointed employees about why the stocks that he was offering to them is better than their proposed salary raise
Employee’s Benefits In Tesla Shares
According to Musk’s letter, Tesla employees will not be similar to other employees on other automotive manufacturers. Instead of a raise, Tesla employees would receive Tesla shares in addition to their already decent salary.
With these shares, employees could go both ways; either they sell their shares for money, or earn much more, via stock appreciation. Musk has also explained why stock appreciation is the way to go for Tesla employees.
The Future Is Bright
Musk continued by saying that the massive increase in Tesla’s share price over the past five years is very beneficial. Musk also believes that Tesla has the capacity to further increase its shares over the next ten years. This would potentially double or even triple the money of each Tesla employee who have opted to keep their stocks.
According to an article from Futurism, Tesla’s valuation as of the moment could massively increase to about $500 billion. This could then make Musk the wealthiest man in the entire world since he has a total share of 22 percent.
It is also clearly seen that some critics criticize Tesla as an overrated company. But despite this, Musk’s keen optimism has been silencing the doubters and has proven that he truly has a vision for the future. This would feature Tesla being on top of every carmaker in the world. Straight from Musk himself, “Tesla has always been proving critics wrong. Always.”
More updates on Elon Musk and Tesla will be coming soon. Surely, Elon Musk and Tesla has a lot in store for us.