Market Insider – According to filings, Musk acquired 2.57 million Tesla shares on September 12, at prices ranging between $296 and $372 per share. The disclosure was made on September 15.
The purchase comes just a week after Tesla’s board proposed a controversial $1 trillion compensation package for Musk, which would grant him up to 12% ownership if Tesla achieves a market capitalization of $8.6 trillion within the next decade. Musk has previously demanded greater voting power, warning that he could pursue AI and robotics ventures outside Tesla if he is not given at least 25% voting control. He currently holds about 13% of Tesla’s shares.
“Musk’s latest stock purchase is the clearest signal yet that he is throwing his full weight back behind Tesla,” said Matt Britzman, senior equity analyst at Hargreaves Lansdown. “After months of turbulence earlier this year, the relationship between Musk and Tesla seems to be back on track.”
Tesla’s stock has risen for three straight sessions on the news and is now up around 8% year-to-date. Still, the company remains under pressure. Its latest quarterly report showed deliveries of 384,000 vehicles in Q2, down 14% from a year earlier, as softening EV demand, rising costs, and intensifying competition weigh on margins.
Tesla Chair Robyn Denholm dismissed concerns that Musk’s political involvement could hurt sales, saying on September 12 that he is “back in a central role” at the automaker after months of commitments at the White House.
Musk’s leadership remains critical to Tesla’s identity and strategy. Over the past decade, he has transformed the company from a Silicon Valley startup into the world’s most valuable carmaker, driving mass adoption of EVs and positioning Tesla at the intersection of cars, AI, and robotics.
