Friday, Mar 29, 2024 | Last Update : 07:46 AM IST

  Technology   In Other news  18 Oct 2018  Musk to purchase Tesla stock worth USD 20 million

Musk to purchase Tesla stock worth USD 20 million

REUTERS
Published : Oct 18, 2018, 9:51 am IST
Updated : Oct 18, 2018, 9:51 am IST

The news comes weeks after Tesla and Musk agreed to pay USD 20 million each as fine as part of a settlement.

Tesla said the purchase is 'separate and apart from the settlement' between Musk, Tesla and the SEC.
 Tesla said the purchase is 'separate and apart from the settlement' between Musk, Tesla and the SEC.

Tesla Inc Chief Executive Officer Elon Musk will purchase company stock worth $20 million in the next open trading session, the electric carmaker said in a filing on Wednesday.

The news comes weeks after Tesla and Musk agreed to pay USD 20 million each as fine as part of a settlement with the US Securities and Exchange Commission.

Tesla said the purchase is 'separate and apart from the settlement' between Musk, Tesla and the SEC.

Shares of the company rose 2 per cent in premarket trading.

(Source)

Tags: tesla, elon musk