Elon Musk expands Tesla stake after jumping on short sellers (THUG LIFE)

in #elonmusk • 7 years ago

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Tesla’s stock has felt pressure very recently as the company’s shares plummeted 8.2% after analysts questioned its ability to hit production targets for its Model 3 sedan. Many traders and short term investors have begin shorting Tesla's stock.

Elon Musk did more than just tweeting instead it give a big slap on short sellers's face by expanding his stake in Tesla, meanwhile he is already the company's largest shareholder. Elon bought about $9.85 million worth of Tesla shares, his biggest purchase since March 2017, according to a regulatory filing. Musk has now grown his stake to near 20%, according to data compiled by Bloomberg.

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#news #tesla #investor #thuglife
7 years ago in #elonmusk by
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