$10 Million in Tesla Stock Goes To Elon Musk

Elon Musk purchased $10 Million of Tesla Stock as shown on the regulatory filing from Tuesday. This large purchase comes after a settlement they reached after they were given fraud charges brought by the US Securities and Exchange Commission. 

Musk and Tesla each agreed to pay $20 Million last month to cover that settlement. Now, it seems that Musk is trying to make amends with the company by purchasing so much stock. After all, it was his tweets that caused the Commission to charge the company.

Tesla fell 2% to $328 as of 9:12 am, Tuesday in New York before the start of regular trading.

Musk has made headlines multiple times over the course of this year, especially his appearance on the Joe Rogan podcast where he smoked marijuana with the host.

Bloomberg