Musk invests $1 billion in Tesla shares in response to the largest payout package in history

Elon Musk purchased shares Tesla by almost $1 billion in response to an unprecedented proposal by the company's board of directors on $1 trillion in remuneration if the company has ambitious market and financial goals. About writes Bloomberg.

Following the news of the deal, Tesla shares rose by almost 9% in the premarket. This could put them in the black for the year after a sharp 45% drop in the spring.

The last time Musk bought Tesla shares on the open market was back in 2020, and in 2022 he sold them for more than $20 billion to acquire Twitter.

The acquisition took place amid a difficult period for the company: in the first half of 2025, Tesla's global car sales fell by 13%.

In the US, its share of the electric vehicle market decreased below 40%europe and China also recorded a drop in supplies.

Robin Denholm, chairman of Tesla's board of directors, called Musk a "generational leader" and said that he could lead the company to the next stage of development.

According to the Bloomberg Billionaires Index, Musk's net worth is currently about $419 billion.

• In August Tesla has raised the cost of the most expensive Cybertruck by $15,000 despite weak sales.