Elon Musk Buys $10 Million of Tesla Stock

Tesla (NASDAQ: TSLA) revealed in an SEC filing yesterday that the automaker closed its recently announced stock offering, raising $2.31 billion to strengthen its balance sheet. Investors and underwriters eagerly bought up shares, despite the fact that Tesla stock is far more expensive today than it was six months ago.

Among those buying shares in the stock offering was none other than CEO Elon Musk. While his purchase was small relative to the $2.31 billion Tesla raised, it's still notable given how much of the CEO's wealth is already tied up in the company.

Elon Musk at the groundbreaking event for Tesla's Gigafactory 3 in China. Image source: Tesla.

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Source Fool.com