Blog > Elon Musk and Tesla's earnings

Alp Erdemli - 2018-03-05

The electric automaker's CEO spent $9.9 million to buy 33,000 additional shares of Tesla (TSLA)at market prices. The purchase is unusual, since CEOs typically don't buy shares of their company stock on the open market. Most of their shares come via stock grants from the company, or from exercising stock options. This was the first purchase of Tesla stock Musk has made in more than a year.

Musk was already by far the company's largest shareholder, holding about 22% of the shares outstanding. Monday's purchase is a relatively small one in terms of those holdings, increasing his stake in the company by less than one-tenth of 1%.


 
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EGE DİNAMİK A.Ş.
Copyright 2018
Blog
Elon Musk and Tesla's earnings

Alp Erdemli - 2018-03-05

The electric automaker's CEO spent $9.9 million to buy 33,000 additional shares of Tesla (TSLA)at market prices. The purchase is unusual, since CEOs typically don't buy shares of their company stock on the open market. Most of their shares come via stock grants from the company, or from exercising stock options. This was the first purchase of Tesla stock Musk has made in more than a year.

Musk was already by far the company's largest shareholder, holding about 22% of the shares outstanding. Monday's purchase is a relatively small one in terms of those holdings, increasing his stake in the company by less than one-tenth of 1%.


 
Viewed 273 times