Tesla’s Stocks served as CEO on Monday Elon Musk It was revealed that more than 2.5 million shares were purchased, worth about $1 billion.
In the morning trading, EV manufacturers’ shares rose more than 5%.
According to regulatory documents, Musk bought various stocks at different prices. The market may be seen by the market as a billionaire’s confidence in the company’s future.
Earlier this month Tesla If he achieves a series of extremely positive goals for the company over the next decade, a proposed Musk compensation plan could make him the world’s first trillion people.
Tesla In a regulatory filing, it will make Musk stocks account for 12% of the company’s shares in the company if it meets certain performance goals, including a substantial increase in auto production, stock prices and operating profits. If shareholder approval is obtained, the new compensation package could make Musk the world’s No. 1 trillion executive and would mark a new level in a country known for its extreme compensation. But the earnings are stocks, not cash, and the target is extreme.
To acquire his first stake, equivalent to 1% of the company, Musk must convince stock market investors Tesla The total value is $2 trillion, they value it twice today and have reached several other milestones. To acquire all the shares offered and make him the world’s first trillion dollar person would require the market value to rise to $8.5 trillion, twice as much as Chipmaker Nvidia, the world’s most valuable company.
Tesla The sales plunge this year is largely due to the counterattack of Musk’s affiliation with President Donald Trump. Tesla It also faces competition from large automakers in Detroit, especially from China.
After Musk spent so much time in Washington this year, investors are increasingly worried about the company’s trajectory, becoming one of the most prominent officials in the Trump administration to cut the size of the U.S. government.
Tesla Annual shareholders’ meeting is scheduled to be held on November 6, and investors will vote on the new compensation package.
