Elon Musk Puts His Money Where His Mouth Is

Elon Musk made a bold move this week.

He bought almost $10 million more of his own company.

While talking a lot of smack to short sellers on Twitter, he went a step farther on Monday and expanded on the amount of shares he owns of Tesla buy buying $9.85 million worth more of the stock.

It’s his biggest purchase since last March and it now means he owns almost 20% of Tesla.

It was last week that Musk strangely went at it with analysts on the company’s earnings conference call where he told anyone who is concerned about volatility shouldn’t even invest in Tesla.

“The sheer magnitude of short carnage will be unreal,” Musk tweeted to short sellers. He also shared a Barron’s article that said Tesla shorts are facing dwindling supplies. “If you’re short, I suggest tiptoeing quietly to the exit…,” Musk further tweeted.

Shares saw a gain of almost 3% on Monday after Wall Street learned how much more he invested into the company.

Disclaimer: We have no position in Tesla Inc. (NASDAQ: TSLA) and have not been compensated for this article.