Tesla’s Chief Executive Officer, Elon Musk, has purchased the company's shares worth $1 billion from the open market. He bought shares on Friday in multiple tranches and at different price points, according to a regulatory filing by the US electric car maker. It was his first purchase of the stock in the open market since February 2020, and Musk purchased around 2.57 million shares. Tesla was in the news earlier this month as it said that it would ask shareholders to approve a new pay package for Musk that could be worth up to $1 trillion based on various ambitious milestones. Watch the video to know more.
