# @benzinga on Instagram

- **Type:** Image
- **Original URL:** https://www.instagram.com/p/CoDP0ajqx3S
- **Gondola URL:** https://gondola.cc/posts/17861594-benzinga-instagram
- **Thumbnail:** https://img.gondola.cc/tr:w-,h-,fo-auto/thumbnails/a933fbcf91.jpg
- **Posted:** 2023-01-30T19:17:11.000+00:00
- **Account Owner:** Benzinga | News That Moves (@benzinga) — https://gondola.cc/benzinga

## Caption

🏚 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 didn’t anticipate selling any Tesla shares for “the foreseeable future.”

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 didn’t 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 Tesla’s stock price soaring in the last week, the new 9,500 share investment is up around $400,000.

“Mainly, the attractive Tesla stock price is what drove me. It was just too cheap to ignore,” DeBolt told Teslarati in an exclusive interview.

DeBolt said he was drawn to add to his stake in the EV makers, with shares of Tesla down around 75% from their all-time highs.

“During this period, Tesla grew revenue by 51%, doubled its net income, rolled out FSD to tens of thousands of people, and began ramping up Megapack production at Lathrop.”

Seeing an opportunity to load up on Tesla shares on the cheap, DeBolt turned to selling his house, which he called “the obvious answer” to get more cash.

DeBolt is now renting a home by the beach in Los Angeles, California. benzinga 
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