Elon Musk buys $1 billion worth of Tesla shares from open market

Elon Musk, Tesla’s CEO, recently bought company shares worth $1 billion. This purchase occurred on Friday across multiple transactions. It marks Musk’s first open market stock purchase since February 2020. He acquired approximately 2.57 million shares. Tesla’s stock performance has been strong over the past year. The company is also seeking shareholder approval for a new pay package for Musk.

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