Technology9/15/2025•The Guardian
Elon Musk buys nearly $1bn in Tesla stock in push for more control
Elon Musk, the CEO of Tesla, has purchased nearly $1 billion worth of the company's stock, according to a regulatory filing. The move comes a week after Musk was offered a $1 trillion pay package. The purchase of Tesla shares by Musk has resulted in the company's stock price rising by more than 8% in premarket trading on Monday. This transaction reinforces Musk's desire to have greater control over Tesla, a leading electric vehicle manufacturer. The article notes that the regulatory filing revealed Musk's recent stock acquisition, which is seen as a sign of his continued commitment and confidence in the company's future.
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