Elon Musk buys Tesla shares worth $1 billion! Stock surges in pre-market trading; 2.5 million shares bought

Elon Musk bought Tesla shares worth $1 billion. This purchase occurred through a trust. Tesla shares saw a jump before trading began. This follows Tesla’s proposal for Musk’s pay package. Shareholders will vote on this package in November. The package could grant Musk shares based on performance. Tesla has faced challenges this year. The shareholder vote will decide Musk’s compensation.

Source: https://timesofindia.indiatimes.com/business/international-business/elon-musk-buys-tesla-shares-worth-1-billion-stock-surges-in-pre-market-trading-2-5-million-shares-bought/articleshow/123900931.cms