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Tesla rallies to an eight-month high after Elon Musk buys more than $1B worth of shares
- On Monday, Elon Musk revealed that he acquired approximately 2.57 million Tesla shares, spending close to $1 billion, with share prices ranging between $372 and $397 each.
- This purchase, Musk's first open-market buy since early 2020, followed the Tesla board's $1 trillion compensation plan proposal for him just over a week earlier.
- Musk's stock acquisition has pushed Tesla shares up 6% in early trading and signals his renewed commitment amid slowing EV demand and rising competition.
- According to Matt Britzman, an equity analyst at Hargreaves Lansdown, Musk’s recent stock purchase strongly indicates his renewed full commitment, signaling that Tesla’s progress story is regaining momentum after earlier uncertainties.
- The purchase may boost investor confidence but Tesla now faces challenges in meeting ambitious targets and sustaining growth in a mature EV market with regulatory and margin pressures.
187 Articles
187 Articles
Elon Musk purchases $1 billion in Tesla shares following massive pay proposal — here's how it's impacting the company
Elon Musk sent Tesla shares soaring to their highest level since January after purchasing roughly $1 billion worth of the company's stock, Bloomberg reported in mid-September. The price jump brought Tesla's shares into positive territory for the year. The purchase represented Musk's first acquisition of Tesla stock since February 2020, according to Bloomberg. In 2022, Musk, the Tesla CEO, sold roughly $20 billion worth of shares to help fund hi…
Tesla shares surged Monday after CEO Elon Musk revealed his purchase of more than 2.5 million shares worth about $1 billion.
While his strenuous compensation plan is being strongly criticized, Elon Musk reported that he had bought out a billion dollars of Tesla shares. A way to show his confidence in the future of the manufacturer, despite a year 2025 badly committed to sales.
Tesla CEO Elon Musk has purchased approximately one billion dollars (850 million euros) of shares from the electric car manufacturer. As a result, the price of the securities increased sharply – making South Africans even richer. On the stock exchange, the acquisition was seen as a demonstration of confidence for the future of Tesla. The share temporarily increased by about six percent. Musk bought more than 2.5 million shares on Friday, as beca…
Die Presse
Elon Musk bought more than 2.5 million shares on Friday, which means he now holds about one fifth of the car manufacturer.
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