Elon Musk buys $1 billion worth of Tesla shares as he looks to gain more control over the EV maker
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Elon Musk bought $1 billion of Tesla stock last week, an SEC filing released Monday shows.
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The purchase boosts the world’s richest man’s stake in the EV maker by around 0.6%.
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Musk is in a long-standing fight to gain even greater control of Tesla, which he has run since 2008.
Elon Musk is buying up Tesla shares as he looks to strengthen his control over the EV maker.
An SEC filing made public Monday showed that Musk purchased nearly $1 billion worth of the company’s stock last week.
The billionaire bought around 2.57 million Tesla shares at prices ranging from around $372 to $396 on September 12, the SEC filing showed.
The spending spree boosts Musk’s stake in the electric vehicle giant, which he has run since 2008, by…
