Tesla Stock Surges as Elon Musk Buys $1 Billion in Shares Following Board’s ‘Trillion-Dollar’ Pay Plan
Tesla Stock Surges as Elon Musk Buys $1 Billion in Shares Following Board’s ‘Trillion-Dollar’ Pay Plan Tesla Inc.’s stock experienced a significant uplift, moving into positive territory for the year, after CEO Elon Musk disclosed the purchase of approximately $1 billion worth of the company’s shares. This substantial investment comes in direct response to an unprecedented pay proposal from Tesla’s board of directors. According to a regulatory filing released Monday, Musk acquired the shares indirectly through a revocable trust on…