Tesk Stock increases again on reports Musk offers incentives for record deliveries

Just two days after its shares reached their best trading day so far this year, Tesla Inc. on Thursday posted its second-best day on Wall Street, closing 4.8% higher at $ 205.95 . After hours, shares rose to $ 206.40.

Tesla added more than $ 1.6 billion to its market capitalization, which now stands at $ 36.4 billion. Thursday was also Tesla's fifth best performance in 2019. If this rise continues, the shares of Tesla should know their best week since October 2018.

Two records in a week do not mean a reversal of the deplorable state of the Tesla stock, which had lost 42 percent last week. Thursday's stock was back at May 28th, at $ 205.

Catalyst of the second best trading day of the year has been announced, sales are expected to reach record delivery targets. According to reports, Tesla offers generous incentives to employees to achieve these noble goals.

Disclosed information revealed that Tesla had already delivered 33,000 Electric Vehicles (EVs) in the United States and Canada in April and May. This figure represents more than half of total shipments made in the first quarter of 2019, when it delivered 63,000 cars, according to Electrek.

Tesla executives have become ambitious and now tell their employees that they want them to deliver 33,000 electric vehicles in June alone. This is a daunting challenge given Tesla's financial difficulties, but Tesla officials believe that this can be done by strengthening the process with many incentives.

Tesla offers big bonuses to sales and delivery employees if they get the top 33,000. Sales employees would receive a bonus of $ 1,200, while delivery men would receive $ 550. These monetary incentives could be doubled if employees made 3,000 additional deliveries in June.

The Tesla Model 3 exhibited in Los Angeles, California. Popular models 3 have traveled over a billion kilometers in record time. Photo: FREDERIC J. BROWN / AFP / Getty Images

Tesla has already delivered 2,512 cars in June in North America. Many other deliveries are expected due to record sales. Tesla has scheduled approximately 10,000 additional deliveries. More than 6,000 orders have been matched to Vehicle Identification Numbers (VIN) but do not yet have a delivery schedule.

As its cash flow declined, Tesla raised an additional $ 2 billion in early May to continue operations. Musk, however, said the new financing would only cross the company for 10 months at its current burn rate. He then promised tighter control over spending.