Elon Musk bought $25 million worth of Tesla stock, just a day after laying off 9% of Tesla employees (TSLA)
Wednesday, 13 June 2018 · *Elon Musk bought about $25 million worth of Tesla stock this week.*
· *His purchases come after Musk announced to Tesla employees that the company was cutting 9% of its workforce. *
· *It could be a signal to employees and Wall Street that he's still optimistic about the future of Tesla.*
According to Reuters, Tesla CEO Elon Musk bought 72,500 shares of the company's common stock on Wednesday. In multiple transactions, Musk reportedly bought them at between $342.44 and $347.44 per share. Musk, who is the electric car maker’s largest shareholder already, now owns 33.74 million Tesla...
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