Elon Drops $1B on Tesla, Still Wants More Voting Power Like It’s Candy
In a display of 'I can buy my own toys' flamboyance, Elon Musk dropped nearly $1 billion on Tesla shares on September 12, 2025. Spending on 2.57 million shares priced between $372 and $396 boosted his stake from a humble 13% to a slightly chunkier 13.6%. Since 2008, Elon’s been CEO, acting like a kid demanding the toy store cashier to bribe him into a majority ownership party. He’s angling to boost control voting rights to 25-29% via a $1 trillion pay package—yes, trillion with a T—if he manages a Tesla market cap over $8 trillion and sells one million robots in the decade. Meanwhile, Tesla’s stock ketched a 9% premarket sprint after his shopping spree, recovering from a 2025 nosedive thanks to unknown 'public backlash' over Elon’s Dogecoin antics and a robotaxi finally cruising Texas highways. Tesla’s board pitched this scheme to shareholders for a November vote, presumably while Elon bought more popcorn.
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Elon throws a casual billion at Tesla shares to control around a quarter of the company because who doesn’t want more toys to boss around? Meanwhile, the company’s stock plays rollercoaster as Elon’s robot apocalypse plan rides shotgun.
Elon just bought $1 billion of Tesla shares like your impulsive Amazon cart at 3 AM—except he’s aiming to own the whole store, if robots don't take his car keys first.
When your paycheck could buy half a country, but you spend it all on a robot-filled car company instead because controlling 25% sounds less lonely than 13.
Source: Businessinsider | Published: 9/15/2025 | Author: Tom Carter
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