Tesla stock buyback could come in the next year, as Elon Musk teases investor bonanza
It coincided with his prediction for the company's valuation, saying he sees"potential path for Tesla to be worth more than Apple and Saudi Aramco combined" — implying a market cap of $4 trillion.
Earlier this month, Musk disclosed the sale of nearly $4 billion of Tesla stock, in part to finance his $44 billion acquisition of Twitter, sending shares to their lowest level since November 2020. It followed the sale of billions of dollars in Tesla stock last year and earlier this year.
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