The billionaire acquired the papers through a revocable trust. The novelty was known before the automaker announced a historical salary package for Musk.
Elon Musk bought shares of Tesla by US $1 billionin A strong signal to markets. The operation catapulted the automotive papers up to 7.8% in the “Premarket” and marked its first purchase in the open market since February 2020.
The richest man maneuver in the world occurred on September 12 through a revocable trust, according to regulatory documentation presented on Monday before the Securities and Exchange Commission (SEC)the US stock market regulator.
The operation coincided with recent statements from the president of the Tesla Board of Directors, Robyn Denholmwho detailed in an interview with the American press the characteristics of A salary package for unprecedented muskand that could overcome the billion dollarsif the company reaches a series of goals linked to stock market capitalization and operational performance.
A vote of confidence after complicated quarters
The massive purchase of shares represents A direct support from CEO to the perspectives of Tesla, after a first semester marked by operational challenges. The company registered a 13% drop in global vehicle deliveries, while The shares had lost up to 45% since the beginning of April.
Elon Musk and Donald Trump.jpg
The technological tycoon has been highlighting the potential of Tesla in the development of autonomous robotaxis and humanoid robots, segments that believe they could redefine the company’s growth profile.
However, too warned about possible “difficult quarters” on the horizonparticularly before the Gradual elimination of federal incentives for the purchase of electric vehicles in the United States.
Musk’s actions and his fortune
If earnings in the pre -opening of Wall Street are held during the day on Monday, Tesla will return to positive territory in 2025recovering from the strong correction that had punished the actions in the first months of the year, at which time when Musk served as Trump’s official.
The last time The South African magnate had acquired actions from Tesla In the open market it was in February 2020, according to Bloomberg. In contrast, in 2022 he got rid of more than U $20,000 million in company papers to finance Twitter acquisitionoperation that generated selling pressure on the title.
At the moment, Musk heads the Bloomberg Billionaires Index ranking with a net assets of approximately US $ 419,000 million.
Source: Ambito
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