$Tesla (TSLA.US)$ News link 15billion to buy back shares wil...
KoGuan reportedly advised Tesla to “immediately announce” that it is planning to buy back $5 billion of company shares this year and another $10 billion next year. The Tesla whale also suggested that if the company used its free cash flow to fund the stock buyback, it wouldn’t affect the company’s $18 billion in cash reserves.
KoGuan is the third largest individual Tesla shareholder after Elon Musk and Oracle founder Larry Ellison, Teslarati noted, citing a confirmation from Viecha. According to Bloomberg, KoGuan owned 6.31 million Tesla shares as of Sept. 2021. He also has options to buy 1.82 million more shares at a strike price well below the recent levels.
KoGuan is the third largest individual Tesla shareholder after Elon Musk and Oracle founder Larry Ellison, Teslarati noted, citing a confirmation from Viecha. According to Bloomberg, KoGuan owned 6.31 million Tesla shares as of Sept. 2021. He also has options to buy 1.82 million more shares at a strike price well below the recent levels.
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Dramericanjesus : With what money? Regulatory credits can't buy back shares.