By Noel Randewich

(Reuters] – Chief Executive Elon Tesla (NASDAQ) has achieved a hat trick in terms of performance goals, with a total $23 billion worth of new compensation.

This is the world’s largest carmaker and its March quarter profit was higher than Wall Street forecasts. It raised prices to combat inflation.

Musk’s most recent compensation win, which must now be certified by Tesla board, is days after Musk offered to purchase Twitter Inc Analysts suggest that he might sell Tesla shares in order to finance the $43 billion deal.

According to Forbes, Musk is already the richest person in the world.

Tesla posted quarterly revenues of $18.76 million and adjusted earnings before interest taxes depreciation, amortization (EBITDA), of $5.02 trillion. Together with the results from the three preceding quarters, this surpasses milestones which trigger Musk’s 2018 pay package to vest the ninth-to-11th tranches (or options) of his 12 option grants.

Musk claimed Wednesday that no negotiations were underway regarding incremental compensation.

Musk is also an investor and chief executive of SpaceX rocket manufacturer. He does not receive a salary from Tesla. To reach a number of increasing targets, Musk’s pay package must be based on Tesla’s financial growth and market capitalization.

Musk can buy 8.4 Million Tesla shares at $70.01 per tranche. This is about 90% off Wednesday’s closing stock price of $977.20. The stock is currently at $23 billion. This would mean that the 3 options tranches will yield a profit approximately $7.7 billion each.

Musk made $16.4 billion last year by selling approximately 10% of Tesla’s stake to satisfy his tax withholding obligation related to stock option exercise.