Elon Musk purchases 29.844 stocks of his company Tesla for 9.99 mln dollars. He became the largest stockholder of the company.
U.S. businessperson Elon Musk acquired 29.844 stocks of its company Tesla for 9.99 mln dollars. Now, Tesla CEO owns 19.8% stocks of the company, becoming its largest stockholder, Business Insider reported on Tuesday, October 30, Correspondent.net reports.
Previously, Tesla stated that Musk is going to purchase stocks for 20 mln dollars. It is not still clear whether the businessperson plans a further purchase of stocks.
It should be reminded that the other day, Tesla reported for Q1 profit for the last two years. After publishing the reporting, Tesla’s stocks increased in price by more than 10%.
On August 7, CEO of Tesla wrote in Twitter that he admits the possibility of buying back the company’s stocks. Because of this post, Tesla’s quotations on the exchange increased by 6.5%, up to $363.3 per stock.
Previously, Musk promised that from Q3, the company will start showing the profit, reaching the planned levels in selling a new electric car Model 3. In addition, Musk stated that the preparation for production of a new crossover Model Y entered final straight.
