Elon Musk buys $9.85M Tesla shares, as part of his war against Tesla haters

Elon Musk buys $9.85M Tesla shares, as part of his war against Tesla haters

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According to a regulatory filing Chief Executive Officer of Tesla bought 33,000 shares of his company’s stock on Monday. It is marked as largest purchase since 2017, and moved Musk’s overall stake in Tesla to almost 20%, further solidifying his position as the firm’s top shareholder.

On a circumstantial basis, it would sure seem that Musk is willing to do everything in his power to make Tesla shorts suffer – even if it means ponying up a chunk of his own money.

Doesn’t have much tolerance for critics of Tesla

With that in mind, it’s important to note that Musk’s frustration with short sellers hasn’t cropped up overnight. It’s actually been brewing for the better part of a year – a period that’s seen the CEO forge a combative relationship with Tesla stock skeptics

When Bernstein analyst Toni Sacconaghi asked whether Tesla needed a capital infusion Musk said “Boring questions are not cool. Next,”

The Tesla CEO did it again when RBC Capital Markets’ Joseph Spak sought comment on reservations for Tesla’s Model 3.

“These questions are so dry. They’re killing me,” said Musk.

California-based Tesla in its quarterly SEC filing said “If we cannot raise additional funds when we need or want them, our operations and prospects could be negatively affected.”



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