Elon Musk responds to the Tesla Pay proposal by buying $ 1 billion


Elon Musk responds to Unprecedented payment package From Tesla Board by increasing his share slightly in the company. Musk bought a billion dollars of Tesla shares with unimaginable confidence on September 12, According to an organizational deposit Released on Monday. Tesla shares exchanged more than 5 percent over the news, prompting the company’s value to a positive area for this year.

The first operation for the open market in Musk was from Tesla shares in more than five years, according to Bloomberg. He unloaded more than $ 20 billion in the company’s shares in 2022, and which was the year in which he got Twitter. Other executives in Tesla have Some of their shares are sold likewise This year, including many members of the Board of Directors.

The purchase process comes more than a week after the Tesla panel proposal is proposed, if it is enact, it will make Musk the first trillion in the world. Musk will need to meet a series of ambitious landmarks to receive compensation, including the production of more than a million robots, a million robots, and create $ 7.5 trillion in the value of Tesla shareholders.

This was the first purchase of MUSK open market for Tesla shares in more than five years.

Musk is currently the largest contributor to Tesla, with 13 percent stake in the company. But the CEO said he wanted more control over the company in order to obtain more impact on its mission – which the Board’s plans aim to produce. The purchase of Musk of 2.57 million shares last week increases its share in Tesla by less than 1 percent.

The price of the Tesla shares was the one -year basis, as the increasing competition in the EV market along with Musk’s political activities was once affected by the company. The company’s share from the EV market in the United States Less than 40 percent recentlyAs EV sales continue to slow down other models that tempt buyers.

Musk is betting on the company’s future on artificial intelligence and robots, which are launched recently A new major plan This appears to reduce the basic business of Tesla in making and selling electric cars. But he also warned that the company could be in a few “few” as the government of the United States government and sales are expected to decrease more.

Leave a Reply

Your email address will not be published. Required fields are marked *