Tesla shares jumped 6 percent on Monday after CEO Elon Musk disclosed that he had bought $1bn worth of the company’s stock. The move reinforces Musk’s push for greater control over Tesla and comes a week after the company’s board offered him a $1 trillion pay package over the next decade.
Musk’s stock purchase – his first open-market buy-up of shares since 2020 – comes at a critical time for Tesla, as it races to transform into an artificial intelligence and robotics firm whilst…
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News Source: www.aljazeera.com
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