Ahead of a $1,000,000,000,000 Trillion pay raise from Tesla, Elon Musk bought an additional $1,000,000,000 Billion worth $TSLA shares, sending the stock higher than $429 September 15.
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The billionaire bought the shares on the open market through a revocable trust on September 12, 2025 according to a regulatory filing FORM 4 with the SEC. The purchase coincided with Tesla Chair Robyn Denholm speaking with reporters about the merits of awarding Musk around $1 trillion worth of stock if the company achieves a series of ambitious market value and performance milestones.
Musk, 54, last bought Tesla stock in the open market in February 2020, according to data compiled by Bloomberg. The chief executive officer 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 sales slumped 13% worldwide. While Musk has talked up 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 at the end of this month.