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

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.