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Originally published by Capital Business
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business
September 15, 2025
14h ago

Musk buys $1bn worth of Tesla shares

Musk buys $1bn worth of Tesla shares

SEPT 15 - Billionaire Elon Musk has scooped up roughly $1bn (£735m) worth of Tesla shares, in what is being seen as a vote of confidence in the electric Kenya breaking news | Kenya news today |..

✨ Key Highlights

Elon Musk has purchased $1 billion worth of Tesla shares, a move seen as a confidence boost for the electric car manufacturer, sending its stock up over 6% in early trading.

  • Musk acquired approximately 2.5 million shares, marking his first open market stock purchases since 2020.
  • The Tesla board recently proposed a new compensation plan valued at roughly $1 trillion, potentially granting Musk up to 12% of the firm’s shares, following an earlier $29 billion interim award.
  • The purchases come as Tesla grapples with falling sales and increased competition, while Musk's deepened political involvement has also drawn scrutiny.

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