Billionaire entrepreneur Elon Musk spent $9.85 million on more Tesla shares, boosting his stake in the electric car company to nearly 20%. His implied statement of financial confidence came after he criticized financial skeptics who have shorted Tesla shares in bets that the price will plunge.
Elon Musk buys $9.85M more of Tesla shares, boosting his stake to nearly 20%
USA Today - 8 May 2018 16:36
Billionaire entrepreneur Elon Musk spent $9.85 million on more Tesla shares, boosting his stake in the electric car company to nearly 20%. His implied statement of financial confidence came after he criticized financial skeptics who have shorted Tesla shares in bets that the price will plunge.
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