Elon Musk buys nearly $1bn in Tesla stock in push for more control

Elon Musk buys nearly $1bn in Tesla stock in push for more control

Curated from US news | The Guardian — Here’s what matters right now:

Tesla shares rose by more than 8% after news of CEO’s transactions, a week after he was offered $1tn pay package Elon Musk, the Tesla CEO, has purchased nearly $1bn worth of the electric-vehicle maker’s stock, a regulatory filing showed, reinforcing Musk’s push for greater control over Tesla. Tesla shares jumped more than 8% in premarket trading on Monday following the news. Continue reading...

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Original reporting: US news | The Guardian

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