In 2013, Tesla CEO Elon Musk made a statement that we believe is still underappreciated by most Tesla investors, “My money is the first in, it will be the last out” he said. Till date, Elon Musk is still pumping his money into Tesla by buying Stock of the electric car company almost every six months.
Last week Friday, February 14, the electric car company CEO snapped up 13,037 shares at $767 each, raising his stake in Tesla to 18.5%, or 34.1 million shares, Bloomberg reported, citing a Securities and Exchange Commission filing.
Tesla is the only stock Elon Musk owns as of 2018. “I think probably one of the biggest misunderstandings is that I actually am not an investor,” said Musk during an interview at music and tech conference South by Southwest in March 2018. “Sometimes people think I am an investor or that I invest in things. I actually don’t invest in anything,” he explains. “In fact, the only public security that I own of any kind is Tesla.”
He is arguably one of the best investor of the year 2019, and he seems to be leading the way in 2020 so far. Feel free to share your opinion with us in the comment section, would you also go all-in like the CEO of Tesla on Tesla Stock?.