{"id":108172,"date":"2025-09-15T20:54:16","date_gmt":"2025-09-15T17:54:16","guid":{"rendered":"https:\/\/www.capitalfm.co.ke\/business\/?p=108172"},"modified":"2025-09-15T20:56:56","modified_gmt":"2025-09-15T17:56:56","slug":"musk-buys-1bn-worth-of-tesla-shares","status":"publish","type":"post","link":"https:\/\/www.capitalfm.co.ke\/business\/2025\/09\/musk-buys-1bn-worth-of-tesla-shares\/","title":{"rendered":"Musk buys $1bn worth of Tesla shares"},"content":{"rendered":"<div class=\"sc-3b6b161a-0 bPbmDW\" data-component=\"headline-block\">\n<h1 class=\"sc-f98b1ad2-0 jRDKjj\"><\/h1>\n<\/div>\n<div class=\"sc-3b6b161a-0 jdlrvG\" data-component=\"text-block\">\n<p class=\"sc-9a00e533-0 bJoRPJ\"><strong>SEPT 15 &#8211; Billionaire Elon Musk has scooped up roughly $1bn (\u00a3735m) worth of Tesla shares, in what is being seen as a vote of confidence in the electric car maker.<\/strong><\/p>\n<p class=\"sc-9a00e533-0 bJoRPJ\">Shares in Tesla, which have struggled to advance this year, jumped more than 6% in early trading on Monday on the news.<\/p>\n<p class=\"sc-9a00e533-0 bJoRPJ\">Musk already held a roughly 13% stake in the company, but he has long sought more control of the firm, which he has been pushing to invest in robotaxis, automation and artificial intelligence (AI).<\/p>\n<p class=\"sc-9a00e533-0 bJoRPJ\">The company&#8217;s board recently proposed\u00a0<a class=\"sc-f9178328-0 jZoZnB\" href=\"https:\/\/www.bbc.co.uk\/news\/articles\/cdx29qv4nvvo\" target=\"_self\">a compensation plan valued at roughly $1 trillion<\/a>, which would grant Musk up to 12% of the firm&#8217;s shares if the company reaches certain targets.<\/p>\n<\/div>\n<div class=\"sc-1b734f04-0 clMRbk\" data-testid=\"ad-unit\" data-component=\"ad-slot\"><\/div>\n<div class=\"sc-3b6b161a-0 jdlrvG\" data-component=\"text-block\">\n<p class=\"sc-9a00e533-0 bJoRPJ\">The board also said it would grant him $29bn worth of shares last month as a separate &#8220;interim&#8221; award, after a larger pay package agreed in 2018 was struck down in a court battle.<\/p>\n<p class=\"sc-9a00e533-0 bJoRPJ\">The proposals followed discussions with Musk, in which he demanded a 25% stake in the firm, at times threatening to quit Tesla entirely over the issue.<\/p>\n<\/div>\n<div class=\"sc-3b6b161a-0 jdlrvG\" data-component=\"text-block\">\n<p class=\"sc-9a00e533-0 bJoRPJ\">Danni Hewson, head of financial analysis at AJ Bell, said Musk was likely looking to build back his stake in Tesla, noting that &#8220;markets like it&#8221; when company leaders buy into their own companies because it suggests they feel positive about the firm&#8217;s future performance.<\/p>\n<p class=\"sc-9a00e533-0 bJoRPJ\">But she noted that there could also be other motivations at play.<\/p>\n<p class=\"sc-9a00e533-0 bJoRPJ\">&#8220;An inventive and ungenerous interpretation of Musk&#8217;s actions is he saw the news about Larry Ellison becoming the world&#8217;s richest man and decided to juice Tesla stock a bit to regain the title,&#8221; she said. &#8220;Stranger things have happened.&#8221;<\/p>\n<\/div>\n<div class=\"sc-3b6b161a-0 jdlrvG\" data-component=\"text-block\">\n<p class=\"sc-9a00e533-0 bJoRPJ\">Musk&#8217;s purchases of roughly 2.5 million shares were completed on Friday and disclosed in a\u00a0<a class=\"sc-f9178328-0 jZoZnB\" href=\"https:\/\/www.sec.gov\/Archives\/edgar\/data\/1318605\/000110465925089693\/xslF345X05\/tm2526050-1_4seq1.xml\" target=\"_blank\" rel=\"noopener\">filing with regulators on Monday<\/a>.<\/p>\n<p class=\"sc-9a00e533-0 bJoRPJ\">They mark his first open market stock purchases since 2020 and are a sign of his investment in the firm, which has been on the defensive this year.<\/p>\n<p class=\"sc-9a00e533-0 bJoRPJ\">Musk has tried to focus investors on the promise of robotaxis and automation.<\/p>\n<p class=\"sc-9a00e533-0 bJoRPJ\">But the company is grappling with falling sales, as competition heats up and the US ends tax breaks for electric car purchases.<\/p>\n<p class=\"sc-9a00e533-0 bJoRPJ\">The firm&#8217;s brand also took a hit as Musk has deepened his political involvement.<\/p>\n<p class=\"sc-9a00e533-0 bJoRPJ\">He was a key supporter of US President Donald Trump in the 2024 election, before a dramatic falling out earlier this year.<\/p>\n<p class=\"sc-9a00e533-0 bJoRPJ\">He has also rallied on behalf of far-right causes in the UK and Germany.<\/p>\n<\/div>\n<div class=\"sc-3b6b161a-0 jdlrvG\" data-component=\"text-block\">\n<p class=\"sc-9a00e533-0 bJoRPJ\">On Monday, the British government accused Musk of using &#8220;dangerous and inflammatory language&#8221; when he appeared by video link at a rally organised by far-right activist Tommy Robinson in London on Saturday.<\/p>\n<p class=\"sc-9a00e533-0 bJoRPJ\">Musk had\u00a0<a class=\"sc-f9178328-0 jZoZnB\" href=\"https:\/\/www.bbc.com\/news\/articles\/cnvr5782yp3o\" target=\"_self\">told the crowds<\/a>\u00a0that violence was coming and they had to fight back or die.<\/p>\n<\/div>\n<div class=\"sc-3b6b161a-0 jdlrvG\" data-component=\"text-block\">\n<p class=\"sc-9a00e533-0 bJoRPJ\">Tesla&#8217;s board has said its compensation plans for Musk are intended in part to secure assurances that his &#8220;involvement with the political sphere would wind down in a timely manner&#8221;.<\/p>\n<p class=\"sc-9a00e533-0 bJoRPJ\">Asked about those assurances in an interview with Bloomberg last week, board chair Robyn Denholm said &#8220;what [Musk] does from a personal perspective in terms of his political motivations, et cetera, is up to him&#8221;, while maintaining that he was &#8220;back, front and centre&#8221; at Tesla.<\/p>\n<p class=\"sc-9a00e533-0 bJoRPJ\">She said Musk was &#8220;the right CEO for Tesla over this transformative period of time&#8221;.<\/p>\n<p><strong>By BBC<\/strong><\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>SEPT 15 &#8211; Billionaire Elon Musk has scooped up roughly $1bn (\u00a3735m) worth of Tesla shares, in what is being seen as a vote of confidence in the electric car maker. Shares in Tesla, which have struggled to advance this year, jumped more than 6% in early trading on Monday on the news. Musk already [&hellip;]<\/p>\n","protected":false},"author":13285,"featured_media":97320,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3],"tags":[246,934,10163,927,4227,10863],"coauthors":[701],"class_list":["post-108172","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-world","tag-buys","tag-featured","tag-musk","tag-shares","tag-tesla","tag-worth"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v25.7.1 (Yoast SEO v27.5) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Musk buys $1bn worth of Tesla shares - Capital Business<\/title>\n<meta name=\"description\" content=\"SEPT 15 - Billionaire Elon Musk has scooped up roughly $1bn (\u00a3735m) worth of Tesla shares, in what is being seen as a vote of confidence in the electric Kenya breaking news | Kenya news today |\" \/>\n<meta name=\"robots\" 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