Kennebec Savings Bank Makes New $614,000 Investment in Tesla, Inc. (NASDAQ:TSLA)

Kennebec Savings Bank Acquires 10,000 Tesla Shares

Total Holdings Now Valued at $2.09 Million

Augusta, Maine - Kennebec Savings Bank, a leading community bank in Maine, has announced a new investment of $614,000 in Tesla, Inc. (NASDAQ: TSLA), acquiring 10,000 shares of the electric vehicle and clean energy company's stock. This latest investment brings the bank's total holdings in Tesla to 30,000 shares, valued at approximately $2.09 million.

The investment is part of Kennebec Savings Bank's ongoing commitment to environmental sustainability and innovation. The bank believes that Tesla is well-positioned to benefit from the growing demand for electric vehicles and clean energy solutions.

"Tesla is a leader in the electric vehicle industry, and we are confident that this investment will generate long-term value for our shareholders," said Kennebec Savings Bank President and CEO, Andrew Silsby. "We are committed to investing in companies that are making a positive impact on the environment and the communities we serve."

In addition to its investment in Tesla, Kennebec Savings Bank has also made significant investments in other clean energy and sustainability initiatives. The bank has provided financing for solar energy projects, energy efficiency retrofits, and other environmentally friendly initiatives.

Kennebec Savings Bank is a full-service community bank that provides a wide range of financial products and services to individuals, businesses, and municipalities throughout Maine. The bank has 13 branches and over $1 billion in assets.

Tesla, Inc. is an American electric vehicle and clean energy company that designs, manufactures, and sells electric cars, solar panels, and energy storage systems. The company was founded in 2003 by Elon Musk, JB Straubel, Martin Eberhard, and Marc Tarpenning. Tesla is headquartered in Palo Alto, California.