Tesla Shares Rise on Elon Musk’s $1 Billion Stock Purchase

Tesla Chief Executive Elon Musk - jim watson/Agence France-Presse/Getty Images Shares in Tesla jumped in premarket trading Monday after Elon Musk disclosed his first purchase of the stock in the open market since February 2020. Tesla’s chief executive purchased more than 2.5 million shares in the company Friday, totalling around $1 billion, according to a regulatory filing released Monday. Most Read from The Wall Street Journal The move signals Musk’s commitment to the electric-vehicle maker as the com ...