💨 Abstract

Elon Musk purchased approximately $1 billion worth of Tesla shares, boosting the stock price by six percent. The acquisition, disclosed in a regulatory filing, involved 2.57 million shares at prices between $371 and $396. This purchase coincides with a proposed compensation package for Musk that could exceed $1 trillion if Tesla achieves significant growth. Tesla's market capitalization is currently over $1 trillion, though recent declines are attributed to Musk's controversial public stances.

Courtesy: Garrin Lambley