Billionaire Elon Musk is investing in his own company Tesla's shares and has started buying them. It is known that last week Musk spent about $1 billion on buying shares. This step immediately affected the market: the electric car manufacturer's securities rose by almost 6%. This is reported by Financial Times, writes UNN.
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According to information obtained by Fanancial Times, Musk acquired about 2.57 million Tesla shares at a price of $371 to $396 per share. Investors immediately reacted to this: if the founder and head of the company buys his own shares, it means he believes in the future of the business even amid market fluctuations.
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It is precisely because of this that Tesla shares have already added more than 12% in the past week alone, after the company's board of directors offered Musk a grandiose options package – up to $1 trillion, if he can meet extremely ambitious goals: from selling millions of electric vehicles to launching robots.
At the same time, Musk's figure remains controversial. In a recent interview, Pope Francis mentioned him as an example of wealth that, in the pontiff's opinion, can undermine the value of human life, family, and society.