Elon Musk buys nearly 1bn in Tesla stock in push for more control

Elon Musk gestures as he attends the Viva Technology conference in Paris, France, on 16 June 2023. Elon Musk gestures as he attends the Viva Technology conference in Paris, France, on 16 June 2023. Tesla shares rose by more than 8% after news of CEO's transactions, a week after he was offered $1tn pay package Elon Musk, the Tesla CEO, has purchased nearly $1bn worth of the electric-vehicle maker's stock, a regulatory filing showed, reinforcing Musk's push for greater control over Tesla. Tesla shares jumped more than 8% in premarket trading on Monday following the news. Tesla is racing to meet its ambitious targets on robotaxis, artificial intelligence and robotics as it looks to pivot from an EV maker to a tech leader.