Elon Musk Bought $96M in Tesla Stock During September 2025 While Shares Traded Near $390
Tesla CEO Elon Musk purchased over 1.3 million TSLA shares worth approximately $96 million in September 2025 open-market buys, per Form 4 filings.
What Happened
Elon Musk, CEO and largest shareholder of Tesla, Inc. (TSLA), executed a series of open-market purchases during September 2025 totaling approximately 1.33 million shares worth around $96 million. The purchases were made across multiple transactions on September 12, 2025, at prices ranging from $389.71 to $396.36 per share.
Transaction Details
| Date | Code | Shares | Price |
|---|---|---|---|
| 2025-09-12 | P (Purchase) | 17,536 | $396.36 |
| 2025-09-12 | P (Purchase) | 116,948 | $395.53 |
| 2025-09-12 | P (Purchase) | 290,501 | $394.76 |
| 2025-09-12 | P (Purchase) | 332,908 | $393.70 |
| 2025-09-12 | P (Purchase) | 227,384 | $392.78 |
| 2025-09-12 | P (Purchase) | 242,112 | $391.76 |
| 2025-09-12 | P (Purchase) | 104,079 | $390.60 |
| 2025-09-12 | P (Purchase) | 291,221 | $389.71 |
Total purchased: approximately 1.33 million shares at a weighted average of ~$393 per share. After these transactions, Musk owned 412.0 million shares of Tesla.
Why It Matters
CEO open-market purchases are among the strongest insider signals because they represent voluntary capital deployment with personal funds. Musk rarely buys Tesla stock outright — most of his share accumulation has come through option exercises and awards. These purchases occurred while Tesla shares traded near $390, well below the November 2025 highs.
In November 2025, Musk also received a stock award of 423.7 million shares (transaction code “A”), which was an equity compensation event rather than an open-market purchase.
Context
Tesla shares have been volatile throughout 2025, driven by debates over the autonomous driving timeline, energy business growth, and Musk’s other ventures. The September purchases suggest Musk viewed the ~$390 level as an attractive entry point, at least for adding to his position.
As of the latest filing, Musk owned approximately 413.2 million shares of Tesla, making him by far the largest individual shareholder.
What to Watch
- Whether Musk continues open-market purchases in subsequent quarters
- Tesla’s next earnings report and guidance on margins and delivery growth
- Any additional Form 4 filings indicating further insider activity
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