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Elon Musk bought about $25 million worth of Tesla stock this week.
His purchases come after Musk announced to Tesla employees that the company was cutting 9% of its workforce.
Signal - Employees - Wall - Street - Future
It could be a signal to employees and Wall Street that he's still optimistic about the future of Tesla.
Tesla Motors CEO Elon Musk has personally purchased about $25 million worth of stock in his own company, according to a filing with the SEC on Wednesday.
Purchases - Musk - % - Company - Reports
Before these purchases, Musk owned about 19.8% of the company, reports Marketwatch. With the 72,500 shares he bought this week, he owns about 34 million Tesla shares.
The timing of Musk's purchase is noteworthy: On Tuesday, Musk announced via an email to employees that Tesla plans to let go of 9% of its total workforce. The filing shows the purchases were made on Tuesday and Wednesday.
It's possible this was...
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