Mon, 15 Sep 2025

Mon, 15 Sep 2025 Musk buys $1bn worth of Tesla shares

The purchases, the billionaire's first since 2020, boost his investment in the firm.
Billionaire Elon Musk has acquired approximately $1 billion worth of Tesla shares, indicating a vote of confidence in the electric car maker. This move comes as shares in Tesla jumped over 6% on Monday, following early trading. With this purchase, Musk now holds a roughly 25% stake in the company, surpassing his previous shareholding of around 13%. This decision marks Musk's first open market stock purchases since 2020 and signifies his investment in Tesla amid challenging times for the firm. The electric car industry has seen increased competition, with falling sales and an end to tax breaks for electric vehicle purchases in the US. Musk's motivations behind this move are subject to interpretation, but analysts suggest it could be a sign of confidence in the company's future performance. However, some speculate that Musk may be trying to regain his status as the world's richest person after Larry Ellison surpassed him earlier this year. Tesla's board recently proposed a compensation plan valued at approximately $1 trillion, which would grant Musk up to 12% of the firm's shares if specific targets are met. Additionally, the board has granted him $29 billion worth of shares in an interim award following a court battle over his original pay package. Musk's actions may also be linked to his growing involvement with politics, as he recently sparked controversy by appearing at a far-right rally in London and using "dangerous and inflammatory language." His political activism has led to criticism from the British government.
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