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Elon Musk Bought $25 Million Worth of Tesla Stock, Just a Day After Laying Off 9% of Tesla Employees

Business Insider

 

  • Elon Musk bought about $25 million worth of Tesla stock this week.
  • His purchases come after Musk announced to Tesla employees that the company was cutting 9% of its workforce.
  • It could be a signal to employees and Wall Street that he's still optimistic about the future of Tesla.

Tesla Motors CEO Elon Musk has personally purchased about $25 million worth of stock in his own company, according to a filing with the SEC on Wednesday.

Mentions: CEO SEC Tesla