Tesla Board Member Buys Stock

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9 hours ago

Summary

Tesla board member Joe Gebbia made a rare purchase of the company's stock, acquiring 4,000 shares worth $1 million. Historically, Tesla board members have either purchased options or offloaded stock. Gebbia now owns 4,111 shares in Tesla.

Key Points

Gebbia acquired 4,000 shares of Tesla's stock, a rare move for the company's board members
The purchase is valued at around $1 million, making it a significant investment for Gebbia
Historically, Tesla board members have either purchased options or offloaded stock

Why It Matters

This move by Gebbia highlights the rarity of Tesla board members purchasing stock directly, and suggests that he may be signaling confidence in the company's future.

Author

Kirsten Korosec

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