Elon Musk has increased his stake in his own company through the buying of yet another $100 millions of shares. This is a huge vote of confidence just less than two weeks before Tesla reveals its performance from the past year. It should be noted that Musk didn’t buy stock from the open market.
Rather than going for the open market, Musk converted 532,000 stock options, with each Tesla stock for $6.63. Currently, Tesla is trading on the stock market at $192 per share. The transaction was announced by the company this past Friday during a filing with the Securities and Exchange Commission.
