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Tesla gains after Musk's $1B stock purchase
Khaleej Times
|September 16, 2025
Tesla shares jumped six per cent in early trading on Monday after CEO Elon Musk disclosed his purchase of about $1 billion worth of the electric vehicle-maker’s stock, in the latest vote of confidence from the billionaire in the company’s future.
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The stock purchase - Musk’s first open-market buy since early 2020 - comes at a critical time for Tesla, as it races to hit its ambitious goals of transforming into an AI and robotics powerhouse while grappling with slowing car sales.
The move also reinforces Musk’s push for greater control over Tesla, and comes just over a week after the company’s board proposed a $1 trillion compensation plan for Musk, addressing Musk’s demands and setting out lofty financial and operational targets.
Cette histoire est tirée de l'édition September 16, 2025 de Khaleej Times.
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