Elon Musk purchases another 72,500 Tesla stocks
Elon Musk has deepened his financial participation in Tesla. After Musk purchased 33,000 stocks in May, worth around 10 million dollars, he purchased another 72,500 stocks worth 25 million dollars on the 12 and 13 of June, according to the SEC.
The purchase price per stock stood between 343,44 and 347,44 dollars as Elon made his purchase. This means Elon Musk has now accumulated more than 33,737,921 Tesla stocks, ensuring he remains the main investor.
That the purchase came at the same time as the announcement that 9% of Tesla employees would be made redundant is also likely no coincidence. Musk may be showing us just how confident he is, that Tesla will reach profitability by the second half of 2018.
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