Elon Musk invested $1 billion of his own money in Tesla shares, boosting the company and reversing the losses accumulated this year.
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The purchase, announced on Monday, lifted shares by as much as 7% at the market open, enough for Tesla to end the day in positive territory and erase the 42% drop recorded since the end of 2024.
Analysts highlight that the move is a sign of Musk’s confidence and reinforces investor optimism after a turbulent year for the company.
Tesla has faced difficulties in recent months, with declining sales and profits, increased competition – especially in China – and the end of U.S. tax incentives scheduled for the end of the month. In addition, Musk’s disagreements with politics and the Trump administration contributed to instability. Despite this, investors remain focused on autonomous driving technology and plans for a fleet of robotaxis, considered key pillars for the company’s future growth.
At the same time, Tesla proposed a new compensation package for Musk that could be worth up to $1 trillion, contingent on sales targets and stock appreciation. Currently, Musk owns 12.8% of the company’s shares and is seeking to increase his stake to at least 25%, ensuring greater influence over strategic decisions.
The move underscores Musk’s financial power and influence, while keeping investors attentive to Tesla’s performance in the global electric vehicle market.
Source: CNN | Photo: X @elonmusk @Tesla | This content was created with the help of AI and reviewed by the editorial team
