Reported about 3 hours ago
Elon Musk recently purchased $1 billion in Tesla shares, a rare move for a CEO using personal funds rather than options. This purchase has boosted investor confidence and Tesla's stock price, indicating Musk's ongoing commitment to the company amid a challenging year marked by political backlash and increasing competition. The acquisition highlights Musk's significant wealth and his ongoing influence at Tesla, where he aims to maintain a substantial voting control.
Source: YAHOO