Elon Musk sends Tesla’s stock soaring on $1 billion purchase amid suspicious transactions
Elon Musk bought over $1 billion worth of Tesla’s stock, sending the share price soaring. The move comes amid highly suspicious option transactions on Tesla’s stock.
Today, Tesla disclosed in an SEC filing that Elon Musk bought Tesla stock for the first time in 5 years.
He purchased 2.5 million shares worth roughly $1 billion on Friday, which explained why the stock surged 7% that day on no news.
Tesla insiders have been consistently selling Tesla stock for the past decade, with virtually no one buying anything other than Joe Gebbia, a friend of Musk known as the co-founder of Airbnb and a board member at Tesla, who bought $1 million worth of stocks.
The last…
