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Tesla rallies to an eight-month high after Elon Musk buys more than $1B worth of shares
Elon Musk's $1 billion purchase of 2.57 million Tesla shares signals strong confidence amid a challenging year and precedes a vote on a pay package worth up to $1 trillion.
- Elon Musk purchased more than 2.5 million Tesla shares, worth approximately $1 billion, resulting in a rise of over 7% in the company's stock during premarket trading.
- Tesla plans to reward Musk with shares equivalent to 12% of the company if he meets ambitious performance targets, according to a regulatory filing.
- Nvidia Corp. faced a 2.1% decline as Chinese regulators announced a violation of anti-monopoly laws related to a 2020 deal, impacting ongoing US-China trade negotiations.
- ANZ Group Holdings Ltd. will pay a fine of A$240 million after admitting to misconduct in its institutional and retail sectors, concluding an investigation by the corporate watchdog.
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Elon Musk buys $1B worth of Tesla shares
Tesla CEO Elon Musk on Monday disclosed the purchase of about $1 billion in shares of the electric-vehicle maker in a show of confidence about the company's future.A regulatory filing disclosed that Musk bought 2.57 million shares of Tesla stock on Friday at a price between $372.37 and $396.54 per share.Musk's purchase marks the first time since early 2020 that he bought Tesla stock on the open market and comes as the company is transitioning to…
·United States
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Tesla CEO Elon Musk has invested heavily in his own company, triggering a price jump in the stock. He is likely to have a good reason for this. However, even the Pope criticizes the multi-billionaire.
·Germany
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Coverage Details
Total News Sources99
Leaning Left19Leaning Right12Center33Last UpdatedBias Distribution52% Center
Bias Distribution
- 52% of the sources are Center
52% Center
L 30%
C 52%
R 19%
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