"Tesla's share price jumped in premarket trading after Elon Musk bought a fresh load of shares. Musk bought $1 billion of the company's stock, an SEC filing released Monday shows. The stock was set to gain roughly 6% at market open."
"Elon Musk is buying up Tesla shares as he looks to strengthen his control over the EV maker. Tesla's share price rose more than 6% in premarket trading on Monday after CEO Musk disclosed the purchase of nearly $1 billion worth of the company's stock."
"This is a breaking news story. Check back for updates."
Elon Musk purchased nearly $1 billion of Tesla stock, according to an SEC filing released Monday. The purchase occurred in premarket trading and coincided with the company's share price rising roughly 6% ahead of the open. The disclosed buy is presented as an action to strengthen Musk's control over Tesla. Market reaction pushed the stock more than 6% in premarket trading on Monday after the purchase was disclosed. The SEC filing specified the dollar amount and timing of the transaction, and the stock was set to open up about 6% at market open.
Read at Business Insider
Unable to calculate read time
Collection
[
|
...
]