Musk buys Tesla stock – could he become the first global trillionaire?
By AP with Doloresz Katanich
Published on
Tesla’s stock rose on Monday as Elon Musk bought more than 2.5 million shares, worth about $1 billion (€850 million), in his own company.
Shares of the electric vehicle maker jumped nearly 3.6% to $410.04 each.
Musk purchased various amounts of shares at different prices on Friday, according to a regulatory filing. The move may be viewed by the markets as the billionaire remaining confident in the company’s future.
Earlier this month Tesla released a proposed pay package for Musk that would possibly make him the world’s first trillionaire if he hits a series…
