Reported about 4 hours ago
Tesla's stock climbed over 7% in premarket trading after CEO Elon Musk revealed the purchase of more than 2.5 million shares worth approximately $1 billion. Musk's investment is seen as a sign of confidence in Tesla's future, especially as the company proposes an ambitious pay package that could make him the world's first trillionaire if aggressive performance targets are met. The upcoming shareholders meeting on November 6 will address this new pay structure, amid concerns over sales declines and increasing competition.
Source: YAHOO