Elon Musk has become the largest shareholder of Tesla


The SEC received a notification from the founder and CEO of Tesla, Elon Musk, that he had acquired a Tesla stake of 10 million dollars, CNBC reported. Taking into account the shares acquired earlier by Musk in the amount of $25 million, 9 million 850 thousand dollars and 25 million dollars, the founder of Tesla became its largest shareholder with a share of 19.8%. As previously reported, the SEC has promised to drop Mask's charges of securities fraud if he additionally buys Tesla shares for $20 million and leaves the post of chairman of the company's board. According to Bloomberg, Musk is going to buy shares worth $20 million after November 4. Tesla's quarterly report on profits and revenue growth exceeded market forecasts, which contributed to the growth of the price of company's securities by 31%.

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