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Elon Musk buys 72,500 of Tesla shares

Reuters 

(Reuters) - Tesla Inc Chief Executive Officer Elon Musk bought 72,500 shares of the company's common stock, a regulatory filing http://bit.ly/2t4K2sY showed on Wednesday.Musk bought the shares at between $342.44 and $347.44 per share in multiple transactions on Tuesday and Wednesday. He is already the electric car maker's largest shareholder and now owns 33.74 million shares worth about $11.6 billion.Tesla, which continues to burn through cash as it spends on its assembly line and prepares for new investments on projects, is cutting several thousand jobs seeking to reduce costs and become ...

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First Published: Thu, June 14 2018. 01:56 IST
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