Musk added $10 million Tesla shares to buy $20 million.

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 Musk added $10 million Tesla shares to buy $20 million.


Elon Musk, Teslas chief executive, has increased his stake in the electric car maker by about $10 million and plans to buy another $20 million next week, foreign media reported Tuesday, according to a document submitted to securities regulators. The shares of the company.

Musk was charged by the Securities and Exchange Commission (SEC) for publishing a tweet about privatizing Las, and the two sides settled the charges, paying a fine of $20 million each for Musk and Trass. Just after this, Mask promised to buy Tesla shares worth 20 million US dollars.

Contrary to Musks promise, however, documents filed with the SEC Tuesday showed that Musk bought 29,844 shares of Tesla in open-market trading, valued at $9.997 million. Now, musk owns 20% of the company. Musk is still known as Teslas CEO in a filing with the SEC on Tuesday after he deleted the word CEOs title from Teslas own profile page last week. As part of the settlement with the SEC at the time, Tesla had to look for a new chairman in the next three years. Teslas share price has risen by about 9% since its third quarter earnings report was released last week. The third quarter of this year was the companys third quarter to achieve earnings and report positive cash flows. (Tianmenshan Mountain) source: NetEase science and technology report editor: Wang Fengzhi _NT2541

Contrary to Musks promise, however, documents filed with the SEC Tuesday showed that Musk bought 29,844 shares of Tesla in open-market trading, valued at $9.997 million. Now, musk owns 20% of the company.

Musk is still known as Teslas CEO in a filing with the SEC on Tuesday after he deleted the word CEOs title from Teslas own profile page last week. As part of the settlement with the SEC at the time, Tesla had to look for a new chairman in the next three years.

Teslas share price has risen by about 9% since its third quarter earnings report was released last week. The third quarter of this year was the companys third quarter to achieve earnings and report positive cash flows. (Tianmenshan Mountain)