Elon Musk buys nearly $1bn in Tesla stock in push for more control
by Reuters from Technology | The Guardian on (#701T4)
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...