Connect with us

    Hi, what are you looking for?

    Tech

    Elon Musk Buys $1 Billion in Tesla Shares Amid Proposed $1 Trillion Pay Package

    Elon Musk, chief executive officer of Tesla Inc., at the House Republican conference meeting in Washington, DC, US, on Wednesday, Nov. 13, 2024. Donald Trump's hold over the incoming Republican US Senate faces an early test Wednesday as a longtime ally of the president-elect seeks to win a leadership fight against two bastions of the party establishment. Photographer: Allison Robbert/AFP/Bloomberg via Getty Images

    Tesla CEO Elon Musk has purchased about $1 billion worth of Tesla shares, acquiring 2.57 million shares at prices between $371 and $396 each, a move that lifted Tesla’s stock by 6% on September 15, 2025.

    This investment coincides with Tesla’s announcement of a proposed compensation package for Musk that could exceed $1 trillion if the company achieves aggressive growth targets, including reaching a market capitalization of $8.5 trillion by 2035. The package would grant Musk up to 12% more of Tesla’s total shares contingent on meeting these goals, with a shareholder vote scheduled for November.

    Tesla chair Robyn Denholm has publicly defended the plan, describing Musk as a “generational leader” uniquely suited to guide the company forward. Meanwhile, Tesla is challenging a Delaware court ruling that invalidated Musk’s 2018 pay deal valued at $55.8 billion.

    Currently, Tesla’s market capitalization stands just above $1 trillion, down from earlier peaks due to weaker earnings and backlash linked to Musk’s political views, which have impacted sales in key markets.

    Musk’s hefty share purchase signals his ongoing confidence in Tesla despite recent challenges and high-stakes compensation negotiations.

    Loading

    Spread the love
    Click to comment

    Leave a Reply

    Your email address will not be published.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

    ad

    You May Also Like

    News

    Central Bank of Nigeria (CBN) has reaffirmed that the standard N100 banknote remains legal tender across the country, warning that individuals, businesses and institutions...

    Entertainment

    Emeka Nwodike, Acting Director of the MUSON School of Music, conducted the institution’s graduating class in a grand finale performance, bringing the 2026 graduation...

    News

    Corporate Affairs Commission (CAC) says it will begin full enforcement of statutory requirements governing the contents of company business letters from Aug. 1, warning...

    Tech

    Nigerian Communications Commission (NCC) says it is intensifying efforts to implement Nigeria’s planned 112 national emergency number following its approval by the National Economic...