Musk bought more than 2.5 million shares on Friday, as became known on Monday. He belongs to around a fifth of the car maker – and this participation is worth around $ 250 billion (around 213 billion euros). It is Musk’s first share of stock since 2020. In the meantime, he had separated from shares to finance the purchase of the online platform Twitter (today X), which was later renamed x.
For Musk, it’s about money and influence
The Tesla shareholders are to decide on a new remuneration package for Musk in November. It could bring him additional shares worth a trillion dollar – if the Tesla stock market value should increase to $ 8.5 trillion. Tesla is currently worth around $ 1.3 trillion. Musk has been aiming for 25 percent for years to cement its position in the company.
Focus on robotaxis and robots
After the returns of the deliveries, which were triggered by Musk’s political activity in the area of US President Donald Trump, among other things, the Tesla share course at times slipped significantly this year.
Musk insists that robotaxis and humanoid robots for Tesla will play a much larger role over time than the sale of cars. Both areas are only at the beginning of the development, but Tesla would meet active pioneers on the market. Administrative council chief Robin Denholm emphasized last week in interviews that Tesla could only master the challenges with Musk on the executive floor.
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Source: Nachrichten
