KoGuan Leo, co-founder and Chairman of IT provider SHI International and the third largest shareholder of Tesla (TSLA), urged its founder and CEO, Elon Musk, to announce $15 billion worth of share buyback immediately. Leo tweeted, “Fremont, Shanghai, Austin, and Berlin money printing machines are running in full speed, Tesla can invest in FSD, bot and factories while buying back its undervalued stocks.” A self-proclaimed Tesla bull, Leo believes that now is the right time to invest in stock buybacks when Tesla is trading at its most historic lows. TSLA stock has lost nearly 41% year-to-date, with an almost 38% plunge since the day Musk disclosed his Twitter (TWTR) take.
https://www.tipranks.com/news/koguan-leos-tweet-urges-musk-for-tsla-stock-buyback?utm_source=advfn.com&utm_medium=referral
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