The Price of Tesla Shares Has risen by More than 6 percent on the American Stock Exchange. The Price Rose After It was announced that CEO Elon Musk had Bought $ 1 Billion (€ 850 Million) Worth of Shares in His Own Company.
The Purchase appears to be a demonstration of how much confidence musk has in the company, in Times When Tesla is having a difficult time. Car Sales Plummeted Worldwide Last Year. Just used teslas are much less popular.
If Tesla’s Market Value Rises Sufficiently, Musk Stands A Chance of A $ 1 Trillion Reward. The Value must then rise to $ 8.5 trillion in the next ten years, while the value of the company is now just above $ 1 trillion.
Musk is Currently the Richest Person in the World Again, after Oracle CEO Larry Ellison Letterly Overtook Him Last Week. The Last Time Musk Bought Tesla Shares was in February 2020, Bloomberg Writes.