Elon Musk's Tesla stake rises ahead of potential $975B pay day
Elon Musk just picked up 2.57 million more Tesla shares for nearly $1 billion on September 12, increasing his stake slightly, as he aims for 25% ownership.
After the news, Tesla's stock price hit its highest point since January this year.
Musk's net worth estimated between $419 billion and $477 billion
This big buy comes right before a November 6 shareholder vote that could land Musk a $975 billion pay package—if Tesla hits some wild targets like an $8.5 trillion market cap by 2035 and rolling out a million robotaxis and humanoid robots.
The move also widens Musk's lead as the world's richest tech boss, with his net worth now estimated between $419 billion and $477 billion—far ahead of Oracle's Larry Ellison.
For anyone watching tech power plays or dreaming big, it's another reminder of how fast things can shift in this space.