Elon Musk increased his stake in Tesla from 13% to 20.5%. The value of his stake is now estimated at more than $120 billion, but Musk had previously said he intended to significantly increase the stake in the company he founded to have greater influence over decision-making.
Elon Musk increased his stake in Tesla from 13% to 20.5%. Business Insider writes about this with reference to documents filed by Musk with the US Securities and Exchange Commission.
Elon Musk’s stake in the Tesla company he founded is estimated at approximately $120 billion at current market prices.
Previously, Elon Musk said he intended to increase his stake in Tesla to 25%. He needs it to be able to influence decision-making, the publication notes.
A few years ago, Elon Musk owned about 22% of Tesla shares. In 2021-2022, the businessman sold company shares worth $40 billion to finance the purchase of the social network Twitter.
Author:
Kirill Bilyk
Source: RB
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