Elon Musk tweets that a potential stock buyback is 'up to the Tesla board'
Leo KoGuan — who claims to be Tesla's third-largest individual shareholder — tweeted that investors want Musk"not dump more shares for any reason bc investors are feeling the brunt of the dump; but wise to buyback now for any reason because it is the right timing and the right thing to do."by saying,"this is up to the Tesla board."
Last week, Musk disclosed the sale of nearly $4 billion of Tesla stock in part to finance his $44 billion acquisition of Twitter, sending shares to their lowest level since November 2020 on Wednesday. It followed the sale of billions of dollars in Tesla stock last year and earlier this year.
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