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Musk Buys $1B in Tesla Stock in Rare Move
Cheddar News
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3 months ago
Tesla shares surged Monday after CEO Elon Musk disclosed a $1 billion open-market purchase of 2.57 million shares, his largest buy ever and first since 2020.
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Tesla shares surged Monday after CEO Elon Musk disclosed a $1 billion open market purchase
00:07
of 2.57 million shares, his largest buy ever and first since 2020.
00:13
Investors saw the rare insider move as a strong vote of confidence,
00:17
especially as Tesla seeks shareholder approval for a massive new pay package,
00:22
potentially worth $975 billion. The stock, which had been weighed down by slumping sales
00:29
and political controversy is now up over 25% in the past three months.
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