The Cool Down

Elon Musk purchases $1 billion in Tesla shares following massive pay proposal — here’s how it’s impacting the company

Elon Musk sent Tesla shares soaring to their highest level since January after purchasing roughly $1 billion worth of the company’s stock, Bloomberg reported in mid-September. The price jump brought Tesla’s shares into positive territory for the year. The purchase represented Musk’s first acquisition of Tesla stock since February 2020, according to Bloomberg. In 2022,…

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Elon Musk makes big Tesla announcement: 80% of company value to come from Optimus — what is Optimus and why Musk is betting big on it |

Elon Musk makes big Tesla announcement: 80% of company value to come from Optimus — what is Optimus and why Musk is betting big on it |

Tesla CEO Elon Musk recently made a bold announcement stating that around 80% of Tesla’s future company value will come from Optimus, Tesla’s humanoid robot project. This statement highlights Musk’s confidence in Optimus as a transformative technology with the potential to redefine Tesla’s business far beyond electric vehicles. While the company continues to face slowing…

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