Catenaa, Monday, September 15, 2025- Elon Musk responded to an unprecedented pay proposal from the Tesla board by buying about $1 billion worth of shares, sending the stock soaring by over 6% on Monday.
The billionaire bought the stock indirectly through a revocable trust on September 12, according to a regulatory filing released Monday.
The purchases coincided with Tesla Chair Robyn Denholm speaking with Bloomberg News about the merits of a pay package for Musk that could be worth upwards of $1 trillion if the company achieves a series of ambitious market value and performance milestones.
Tesla shares jumped over 6% on Monday, returning to positive territory for 2025 with gains of over 4%, having recovered from a 45% decline as of early April.
Musk last bought Tesla stock in the open market in February 2020, according to data compiled by Bloomberg. He offloaded more than $20 billion of the company’s shares in 2022, the year he acquired Twitter.
The purchase amounts to a show of confidence in Tesla’s prospects after a challenging first half of the year in which vehicle deliveries slumped 13% worldwide.
While Musk has talked up the potential of Tesla’s pursuit of robotaxis and humanoid robots, he’s also cautioned that the company could be in for “a few rough quarters” after the US phases out electric-car purchase incentives.
