Elon Musk’s makes ‘biggest buy ever’
Elon Musk is putting his money where his mouth is – making what is said to be the ‘biggest deal in history.
Elon Musk is putting his money where his mouth is.
The Tesla CEO has been very bullish on the company’s fortunes in a serious of recent interviews. And it’s not just empty talk, with Musk buying more than $US1 billion ($1.5bn) of Tesla shares according to a filing from the US Security and Exchange Commission released on Monday.
According to the filing. Musk purchased 2.56 million shares at an average price of US$389.22.
The shares were bought via the Elon Musk Revocable Trust.
It was Musk’s first open market stock acquisition since February 2020 and the largest insider acquisition ever, by value, according to reports.
It’s more common for bosses to sell shares in the company they run, rather than the other way around.
Musk now holds more than 413 Tesla shares worth around $US176bn.
Musk’s huge share buy pushed Tesla above $US420 a share, as it rose 4 per cent on Monday.
Musk commented on the buy by releasing a cheeky post on his social media platform X.
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TSLA up $69 to ~$420 as foretold in the prophecy pic.twitter.com/6uZfOIMPyO
— Elon Musk (@elonmusk) September 15, 2025
Musk added more than $US11bn to his wealth in the process, allowing him to breeze past Oracle Founder Larry Ellison to again reclaim the mantle as the world’s richest person.
Ellison has only dethroned Musk earlier in the week.
WHITE HOUSE EXIT
After leaving the White House in May, Musk has been busy spruiking the future success of Tesla.
The EV giant has struggled in more recent times to replicate its enormous success when its cars first hit the market. Although Tesla’s fortunes have been revived globally over recent months with the introduction of the updated Model Y ‘Juniper’ model.
The Model Y was the fifth most popular car sold in Australia last month.
Musk has also been celebrating the success of Telsa’s Cybertaxi service in both Austin and San Francisco. The early uptake and largely seamless rollout of the Cybertaxi has put rivals such as Waymo and Uber on notice and had Musk predicting it will dominate the self-driving taxi industry in years to come.
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The rollout of Tesla’s Fully Self-Driving (Supervised) software has also been well received in key markets such as the US and Mexico. It is set to be rolled out in Australia in coming weeks, with signs it will revolutionise the way Aussie motorists think about driving.
But by far the area Musk is most bullish about is Tesla Optimus – a general purpose, bipedal, humanoid robot capable of performing tasks that are unsafe, repetitive or boring.
Musk has predicted that within a decade the robot with be ubiquitous in homes and the company will be manufacturing a million of the units a month.
“Optimus will be like having your own personal C-3PO & RD-D2,” Musk has said.
“80 per cent of Tesla’s value will be Optimus”
Let’s give Optimus a hand for catching ball!
— Elon Musk (@elonmusk) November 28, 2024
pic.twitter.com/i44qcD1iLd
MUSK COULD BE WORLD’S FIRST TRILLIONAIRE
Elon Musk could become the world’s first trillionaire if he successfully hits new company targets outlined in a new pay package at Tesla.
Tesla outlined a $1 trillion compensation deal for the CEO last week, which pays out if he’s able to grow the company’s market value from around US$1.1 trillion (A$1.7 trillion) to US$8.5 trillion (A$12.9 trillion) over the next decade.
Musk will have 10 years to hit several operational targets, which could see his network surpass A$3 trillion.
The award will vest in stages, with the last two quotas requiring a board-approved CEO succession plan.
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The 12 operational milestones outlined by Tesla include rolling out robotaxis and robots, as well as raising profits as measured by adjusted EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortisation.
Additionally, Elon Musk will need to meet four ambitious performance goals.
These include 20 million Tesla vehicle deliveries, 10 million paid Full Self-Driving subscriptions on average over three consecutive months, excluding free trials, building and selling 1 million AI robots similar to Optimus, and putting 1 million driverless robot taxis into commercial use on average over three successive months.
If successful, Musk’s stake in the company would climb from nearly 16 per cent to more than 25 per cent, pushing his personal fortune past A$3 trillion.
Forbes currently values the Tesla and SpaceX boss at approximately A$667 billion, making him the world’s wealthiest person.
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This substantial pay package arrives at a challenging time for Tesla.
In Europe, sales have fallen about 40 per cent this year, with some analysts suggesting Musk’s political views and high-profile support of Donald Trump have weighed on the brand.
Musk is also balancing his Tesla role with other ventures, including SpaceX, Neuralink, xAI, The Boring Company, and the social media platform X (formerly Twitter), which he acquired in 2022 for US$44 billion.
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Tesla confirms that if Musk doesn’t meet the targets, the associated awards will be forfeited.
If Musk stops serving in an approved role, all unvested shares are also forfeited, except in some instances, such as qualifying terminations or a change in control.
Locally, Tesla continues to perform strongly with 17,990 deliveries since August, and has just added a new Performance All-Wheel Drive variant to its popular Model Y line-up.
Originally published as Elon Musk’s makes ‘biggest buy ever’
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