Tesla CEO Elon Musk has purchased nearly $1 billion of his company’s stock, reinforcing his bid for greater control and voting power. The move caused Tesla shares to surge over 8% in premarket trading, just a week after Musk was offered a $1 trillion pay package. Musk’s stock purchases underscore his commitment to Tesla’s transformation from an electric vehicle maker to a tech leader in AI, robotics, and robotaxis.
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Massive Stock Purchase
Regulatory filings show Musk bought 2.57 million Tesla shares in open-market transactions, paying between $372.37 and $396.54 per share. The purchases brought his total stake in Tesla to around 13% as of December. Following the news, Tesla shares jumped more than 8% in premarket trading, marking a significant boost for investors and signaling Musk’s influence over the company’s strategic direction.
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Tesla Stock Reaction
The stock gained over 7% on Friday, extending gains from earlier in the week. Despite being down about 2% for the year, Tesla is on track for a third consecutive session of increases if premarket gains hold. Market analysts note that Musk’s moves highlight his long-term commitment and signal investor confidence in his leadership.
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Push for Greater Control
Musk has long sought more voting power and a larger stake in Tesla. He has even threatened to develop AI and robotics products outside Tesla if he cannot secure at least 25% voting rights. This latest purchase strengthens Musk’s influence over the company, giving him more leverage as Tesla expands into advanced technologies beyond electric vehicles
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Trillion-Dollar Pay Package
Earlier this month, Tesla’s board proposed a $1 trillion compensation plan for Musk, showcasing their confidence in his leadership. The package comes amid mounting competition in the EV market and Tesla’s ambitious pivot toward AI, robotics, and autonomous transportation. Board chair Robyn Denholm emphasized that Musk is now “front and center” at the company, reassuring investors after months of public distractions.
Political Activity Concerns
Musk’s political involvement, including clashes with former President Donald Trump, raised investor concerns earlier in 2025. Analysts had worried that these distractions could impact sales and Tesla’s stock performance. Denholm addressed these concerns, noting that Musk’s renewed focus on company operations should stabilize investor sentiment.
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Strategic Future Plans
Tesla aims to lead the tech space through robotaxis, artificial intelligence, and robotics. Musk’s stock purchase reflects his commitment to the company’s long-term vision, signaling that he intends to maintain direct influence over strategic decisions as Tesla transitions from a traditional EV manufacturer to a broader technology innovator.