Elon Musk Buys $1 Billion in Tesla Shares, Trump Urges Fed Rate Cut

Elon Musk's Tesla Share Purchase

• 💡 Elon Musk purchased approximately $1 billion worth of Tesla shares indirectly through an irrevocable trust.
• 📌 This acquisition was revealed in a regulatory filing released today and follows the Tesla board's decision to award Musk up to $1 trillion in stock if ambitious market benchmarks are met.

Trump's Pressure on the Federal Reserve

• ⚡ President Trump continues to pressure the Federal Reserve for a significant interest rate cut before its upcoming decision.
• 🎯 Trump posted on Truth Social, stating that Chair Jay Powell "must make a big cut in interest rates."
• 🤝 The President may receive support from his economic adviser, Stephen Miran, who is scheduled for a Senate confirmation vote for the Fed board.

Market Performance

• 📈 Markets began the Federal Reserve week with gains, ranging from a fraction to 8/10 percent.