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Elon Musk buys 72,500 of Tesla shares

JacksinPA

JacksinPA

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https://www.reuters.com/article/us-tesla-musk/elon-musk-buys-72500-of-tesla-shares-idUSKBN1J930L

(Reuters) - Tesla Inc (TSLA.O) Chief Executive Officer Elon Musk bought 72,500 shares of the company's common stock, a regulatory filing bit.ly/2t4K2sY showed on Wednesday.

Musk bought the shares at between $342.44 and $347.44 per share in multiple transactions on Tuesday and Wednesday.

He is already the electric car maker’s largest shareholder and now owns 33.74 million shares worth about $11.6 billion.
=====================================================
This guy is amazing. He obviously has a lot of confidence in the ultimate commercial success of the Tesla.
 
JacksinPA said:
https://www.reuters.com/article/us-tesla-musk/elon-musk-buys-72500-of-tesla-shares-idUSKBN1J930L

(Reuters) - Tesla Inc (TSLA.O) Chief Executive Officer Elon Musk bought 72,500 shares of the company's common stock, a regulatory filing bit.ly/2t4K2sY showed on Wednesday.

Musk bought the shares at between $342.44 and $347.44 per share in multiple transactions on Tuesday and Wednesday.

He is already the electric car maker’s largest shareholder and now owns 33.74 million shares worth about $11.6 billion.
=====================================================
This guy is amazing. He obviously has a lot of confidence in the ultimate commercial success of the Tesla.
Click to expand...

He increased his shares by 0.2%.
 
JacksinPA said:
https://www.reuters.com/article/us-tesla-musk/elon-musk-buys-72500-of-tesla-shares-idUSKBN1J930L

(Reuters) - Tesla Inc (TSLA.O) Chief Executive Officer Elon Musk bought 72,500 shares of the company's common stock, a regulatory filing bit.ly/2t4K2sY showed on Wednesday.

Musk bought the shares at between $342.44 and $347.44 per share in multiple transactions on Tuesday and Wednesday.

He is already the electric car maker’s largest shareholder and now owns 33.74 million shares worth about $11.6 billion.
=====================================================
This guy is amazing. He obviously has a lot of confidence in the ultimate commercial success of the Tesla.
Click to expand...

He only purchased 25 Million worth of shares. It looks like a desperate PR bid to prop up the value of Tesla after massive company wide layoffs. Otherwise why make such a small transaction public?
 
Mithros said:
He only purchased 25 Million worth of shares. It looks like a desperate PR bid to prop up the value of Tesla after massive company wide layoffs. Otherwise why make such a small transaction public?
Click to expand...

Insiders are required to make such transactions public.
 
JacksinPA said:
https://www.reuters.com/article/us-tesla-musk/elon-musk-buys-72500-of-tesla-shares-idUSKBN1J930L

(Reuters) - Tesla Inc (TSLA.O) Chief Executive Officer Elon Musk bought 72,500 shares of the company's common stock, a regulatory filing bit.ly/2t4K2sY showed on Wednesday.

Musk bought the shares at between $342.44 and $347.44 per share in multiple transactions on Tuesday and Wednesday.

He is already the electric car maker’s largest shareholder and now owns 33.74 million shares worth about $11.6 billion.
=====================================================
This guy is amazing. He obviously has a lot of confidence in the ultimate commercial success of the Tesla.
Click to expand...

This guys back is against the wall, and he is thus pulling out all of the stops trying to keep Tesla from crashing.

Increasingly it looks like Tesla's destination is to get bought by someone bigger and better.
 
I think Tesla will be fine. Their stock jumped quite a bit just the other day due to the announcement of 9% layoffs of duplicated management staff.

Elon got a hot head and lost his temper a month ago or so and said some crap that made the stock drop. I think he's cooled off and is getting back to business as usual and focusing on getting the Model 3 up to production speed. I think we are well passed the tipping point of electric cars taking larger and larger chunks of the car market until they pass up petrol cars eventually so even if Tesla were to go under, I think Elon's giant battery factories are here to stay.

Then of course his giant solar panel plant in Buffalo will probably be gaining ground as well.

Solar Has Overtaken Gas and Wind as Biggest Source of New U.S. Power

Despite tariffs that President Trump imposed on imported panels, the U.S. installed more solar energy than any other source of electricity in the first quarter.

Developers installed 2.5 gigawatts of solar in the first quarter, up 13 percent from a year earlier, according to a report Tuesday from the Solar Energy Industries Association and GTM Research. That accounted for 55 percent of all new generation, with solar panels beating new wind and natural gas turbines for a second straight quarter.​
 
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poweRob said:
I think Tesla will be fine. Their stock jumped quite a bit just the other day due to the announcement of 9% layoffs of duplicated management staff.

Elon got a hot head and lost his temper a month ago or so and said some crap that made the stock drop. I think he's cooled off and is getting back to business as usual and focusing on getting the Model 3 up to production speed. I think we are well passed the tipping point of electric cars taking larger and larger chunks of the car market until they pass up petrol cars eventually so even if Tesla were to go under, I think Elon's giant battery factories are here to stay.

Then of course his giant solar panel plant in Buffalo will probably be gaining ground as well.

Solar Has Overtaken Gas and Wind as Biggest Source of New U.S. Power

Despite tariffs that President Trump imposed on imported panels, the U.S. installed more solar energy than any other source of electricity in the first quarter.

Developers installed 2.5 gigawatts of solar in the first quarter, up 13 percent from a year earlier, according to a report Tuesday from the Solar Energy Industries Association and GTM Research. That accounted for 55 percent of all new generation, with solar panels beating new wind and natural gas turbines for a second straight quarter.​
Click to expand...


I know the Tesla Powerwall had a slow start, but then it was going to partner with Home Depot for direct to consumers. That deal just went south. After they quietly raised the price $400 per unit. Wonder whats going on there.
I was very interested in that, but I can't afford that system.
 
holbritter said:
I know the Tesla Powerwall had a slow start, but then it was going to partner with Home Depot for direct to consumers. That deal just went south. After they quietly raised the price $400 per unit. Wonder whats going on there.
I was very interested in that, but I can't afford that system.
Click to expand...

Here's Musk's explanation:

"In addition to this company-wide restructuring, we've decided not to renew our residential sales agreement with Home Depot in order to focus our efforts on selling solar power in Tesla stores and online. The majority of Tesla employees working at Home Depot will be offered the opportunity to move over to Tesla retail locations."

link...​

Looks like he's doing to Home Depot what he's done to auto retailers and cutting them out of the process.

I like that idea too of having a battery backup at home. I've wondered how many days back up I'd need to be off grid to be safe from blackout.
 
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poweRob said:
Here's Musk's explanation:

"In addition to this company-wide restructuring, we've decided not to renew our residential sales agreement with Home Depot in order to focus our efforts on selling solar power in Tesla stores and online. The majority of Tesla employees working at Home Depot will be offered the opportunity to move over to Tesla retail locations."

link...​

Looks like he's doing to Home Depot what he's done to auto retailers and cutting them out of the process.

I like that idea too of having a battery backup at home. I've wondered how many days back up I'd need to be off grid to be safe from blackout.
Click to expand...

That's nice, but Tesla ended a big program 4 months after it was announced to the public...This is losing....if it was a bad idea conceptually or if Tesla could not support it over the long haul then it never should have been done this deal.
 
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