The world's most valuable automaker, Tesla managed to post revenue and profit in the first quarter of 2022, which topped some Wall Street analysts' forecasts.
Not only that, the company also increased the selling price of its products in response to inflation and offset the impact of the factory closure in Shanghai, China.
Reported from Reuters, Thursday (21/4), Tesla reported quarterly revenue of US $ 18.76 billion or equivalent to Rp. 267 trillion at an exchange rate of Rp. 14,300. Meanwhile, income before interest, taxes, depreciation and amortization (EBITDA) reached US$ 5.02 billion.
On Wednesday, Tesla boss Elon Musk, the world's richest man, said there were no ongoing discussions about the additional compensation Tesla could get.
Musk, who is also a major shareholder and CEO of rocket maker SpaceX, does not receive a salary at Tesla. Its payout package requires Tesla's market cap and financial growth to hit an increasing set of targets.
Each tranche gives Musk the option to buy 8.4 million shares of Tesla for $70.01 each, a discount of about 90% from Wednesday's closing price of $977.20.
At current share prices, the three options that will be granted as a result of Tesla's performance in the first quarter of 2022 could generate a profit of around US$23 billion, or nearly US$7.7 billion per tranche.
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