Elon Musk has purchased approximately $1 billion worth of Tesla shares, acquiring about 2.57 million shares. This transaction marks his first open-market buy since 2020, according to a filing disclosed by the Securities and Exchange Commission (SEC) today.
This significant investment comes amid ongoing discussions about the economy, including recent developments such as the US Government"s reported $345 billion deficit in August.
Musk"s purchase reflects his continued confidence in Tesla, a company he has led as CEO and a major shareholder. The last time he made an open-market purchase was in 2020, raising interest in the implications of this recent investment.
As previously reported, Musk has been vocal about economic issues, including his views on government inefficiencies and national debt, as highlighted in a recent video.
This transaction is expected to attract attention from investors and analysts as they assess its impact on Tesla"s stock and Musk"s overall investment strategy.
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