Tesla Stock Soars as Elon Musk Buys About $1B Worth of Shares
Key Takeaways
- Elon Musk purchased some 2.57 million Tesla shares last week, sending the stock higher—and into positive territory for the year—in recent trading.
- The CEO’s investment was worth approximately $1 billion, according to regulatory filings.
- The move is seen as a sign Musk is more focused on Tesla and its move into artificial intelligence.
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