How a Billion Dollar Buy of Tesla Stock Set up a Trillion Dollar Vote

On September 15, 2025, Elon Musk filed a disclosure with the U.S. Securities and Exchange Commission (SEC) indicating that he had acquired approximately 2.57 million shares of Tesla Inc. in open-market transactions on September 12, at a cost of nearly $1 billion. This represented his first meaningful open-market purchase of Tesla stock since 2020. Most of his holdings had come through exercising options granted under earlier compensation arrangements. According to the filing, the purchase prices averaged ju ...