Elon Musk temporarily cancels salary for Tesla’s future

The entrepreneur announced the strategy on Tuesday (23).

Elon Musk temporarily cancels salary for Tesla’s future

Tesla CEO Elon Musk will not collect salary until his company meets a series of goals. One of its ultimate goal is the $ 650 billion investment that can put Tesla at the top five.

Last year, Bloomberg warned that the company was losing an average of nearly half a million dollars an hour. In 2018, Tesla Motors continues to lose money, so the company now requires customers to pay for the Roadster and Founders Series Roadster models at the time of booking. Also, 1.8 billion dollars in debt securities were launched to “intensify Model 3’s popularity strategy and other corporate issues.”

According to the New York Times , Tesla has adopted a dozen objectives and each adds 50 billion to the value of Tesla Motors. If the plan works it’s Jackpot for Tesla.

Elon Musk also announced that he intends to remain a CEO for at least the next 10 years.