Elon Musk purchased $1 billion worth of Tesla shares on Friday, in accordance with a regulatory submitting he made early Monday.
The buy represents a uncommon motion – by Musk or some other CEO. Few enterprise leaders utilizing their very own cash to purchase their firm’s inventory with out exercising of choices.
Tesla buyers seen Musk’s inventory buy as a vote of confidence within the firm and a additional dedication by Musk to remain at Tesla. The information lifted shares of Tesla (TSLA) 7% premarket.
This is a growing story. It can be up to date.