3 ms·
These sort of things can spook investors, but Elon purchased $20M of the offering himself as a show of good faith. That's a big insider buy! TSLA is currently t
by jonknee 11y ago
These sort of things can spook investors, but Elon purchased $20M of the offering himself as a show of good faith. That's a big insider buy! TSLA is currently trading up 2.5% so apparently it was also quite a convincing play.
- billiam 11y agoTo me, that it worked so easily says a lot about the people holding TSLA.
- forgetsusername 11y ago$20MM USD is about half a percent of Mr. Musk's holdings... TSLA is like Bitcoin; no news is bad news.
- krampian 11y agoThose of us who were investors in bank stocks back in 2008 saw alot of large insider buys, including multi-million ones, from CEOs and top execs looking to reassure investors. In most cases it simply didn't work. Fundamentals rule sooner or later, not optics. I was in the no-longer extant Wachovia for instance, where the CEO bought around $1m of stock. It was bought out for a song a few months later after it crashed.