The Everything and Nothing Cycle of Tesla To Elon Musk
Yesterday, Elon Musk tweeted on his Twitter account that he was The Nothing of Tesla, which was before the everything (or something) to him.
But according to CNBC, a few hours ago, he purchased around $10 million worth of additional shares in the electric car maker, and planning to buy another $20 million as soon as next week, according to a filing on Tuesday.
Not to mention, a following fraud charges and a settlement with the SEC that cost him and the company $20 million each. But previously, he promised to buy $20 million in Tesla stock following all these charges.
He now owns about 20 percent of the company's shares, as he purchased 29,844 shares of Tesla worth $9.997 million in open market transactions.
Though he tweeted that he was The Nothing of Tesla, he was still referred to as chief executive officer besides his decision to remove the title of CEO from his biography page on the Tesla website last week. As part of the SEC settlement, Tesla is required to find a new chairman for the next three years.
As for the investors, Tesla's stock price has risen about 9 percent since its third-quarter earnings report last week. The Musk's drama doesn't seem to end for this man but the real question was, do Grimes still one of the factor which influence the emotional turbulence of this man?
Like the old saying, personal aside, it's all about business. And behind every great man, there's a woman who'll make or break him.
(Photo source: carsguide.com.au)
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