Tesla gains as Musk's $1 billion stock purchase reinforces confidence in EV maker

By Kritika Lamba (Reuters) - Tesla shares jumped 6% in early trading on Monday after CEO Elon Musk disclosed his purchase of about $1 billion worth of the electric vehicle-maker's stock, in the latest vote of confidence from the billionaire in the company's future. The stock purchase - Musk's first open-market buy since early 2020 - comes at a critical time for Tesla, as it races to hit its ambitious goals of transforming into an AI and robotics powerhouse while grappling with slowing car sales. The mov ...