đ Tesla shareholder Jason DeBolt has had confidence in Tesla for years, having accumulated enough shares to retire from his day job as a software engineer in 2021 at the age of 39. Follow benzinga
DeBolt said at the time he didnât anticipate selling any Tesla shares for âthe foreseeable future.â
With Tesla shares beaten down, DeBolt decided to show his confidence in Tesla and CEO Elon Musk once again. DeBolt sold his house to fund the purchase of additional shares.
DeBolt didnât even wait for the sale of his home to clear, choosing instead to use margin from his broker to buy more shares of Tesla in the $128 to $139 range before the company reported fourth quarter earnings.
DeBolt purchased 9,500 additional shares of Tesla, taking his total allocation up to around 48,000 shares when combined with the shares he already owned.
With Teslaâs stock price soaring in the last week, the new 9,500 share investment is up around $400,000.
âMainly, the attractive Tesla stock price is what ...
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