Elon Musk spent $25 million to buy more Tesla stock, boosting stake to about 20%
Shares of Tesla Inc. TSLA, +0.12% rose 0.2% in premarket trade Tuesday, after the company disclosed late Monday that Chief Executive Elon Musk spent $25 million to buy more shares in the electric car maker, increasing his stake to just under 20%. Musk bought 102,880 shares on May 2 at an effective price of $243.00, according to filing with the Securities and Exchange Commission. The stock has rallied 4.6% the past two sessions to close Monday at $255.34.
Have breaking news sent to your inbox. Subscribe to MarketWatch's free Bulletin emails. Sign up here.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Elon Musk may buy $10 million of Tesla stock in new offeringIt only took one word from Fed Chairman Jerome Powell on inflation to send the markets reeling, and that word was 'transitory.'
Read more »
Tesla shares pop on plan to raise $2 billion from investors, including CEO Elon MuskTesla said in a filing on Thursday that CEO Elon Musk plans to buy about $10 million of the company's stock.
Read more »
Elon Musk to investors: Self-driving will make Tesla a $500 billion companyOn an investor call hosted by Citigroup and Goldman Sachs, Elon Musk talked up Tesla's self-driving story, and dodged questions about vehicle demand and margins.
Read more »
Tesla plans to raise $2 billion after bumpy first quarter, and Elon Musk is buying inA week after posting a huge first quarter loss and saying the company needs to raise cash, Tesla is doing just that. CEO Elon Musk will buy $10 million worth of stock in a $1.5 billion offering of shares and convertible notes.
Read more »
Elon Musk owes $507 million to banks helping Tesla raise capitalElon Musk owns 20% of Tesla and has taken personal loans from Wall Street banks for years.
Read more »
Elon Musk is grimacing all the way to the bank as Tesla finally raises more moneyTesla's capital raise will intensify Elon Musk's pivoting of Tesla from an electric car company to a robotaxi service. But is that exciting enough for him?
Read more »
Elon Musk owes $507 million to banks helping Tesla raise capitalTesla Inc Chief Executive Elon Musk personally owes $507 million to Wall Street ...
Read more »
Jobs, jobs, jobs | Buffett on Amazon | Musk to buy more Tesla stockU.S. stock futures were higher this morning ahead of the government's April jobs report.
Read more »
Move Over Bitcoin And Dogecoin, Elon Musk Is Tweeting About EthereumElon Musk, the playful Tesla and SpaceX chief executive who has set the world of bitcoin and cryptocurrency on fire in the past, has again caused a stir by tweeting about cryptocurrencies—this time it's the turn of decentralized app network ethereum...
Read more »
Here are the 9 things Elon Musk needs permission to tweet about in the futureElon Musk now has a specific set of rules about what he can't tweet without first getting permission from a company attorney.
Read more »