15 Sep 2025 | 3 Mins Read
Tesla shares rise after Elon Musk boosts stake
Flipitmoney
Elon Musk purchased 2.57 million Tesla shares, totaling $1 billion, marking his first open market buy since February 2020. Musk, who owns 13% of Tesla, drove a 6% share price increase in premarket trading Monday. This significant insider purchase is seen as a vote of confidence ahead of a potential pay package worth up to $975 billion.