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Leo's stance is further reinforced by his own financial position. His net worth, which had soared over $5 billion earlier this year, has recently declined, paralleling Tesla’s stock performance. He states that he would support a company buyback program if the board moves to repurchase shares, which could consolidate ownership and potentially boost stock value. Leo owns billions worth of Tesla stock and has pledged to support initiatives that improve shareholder value, including increasing board influence and encouraging buybacks.