16 Sep 2025 | 3 Mins Read
Elon Musk boosts Tesla shares with $1 billion stock purchase
Flipitmoney
Tesla's share price rose 3.63% to $410.26, valuing the company at $1.28 trillion, after CEO Elon Musk purchased over 2.5 million shares worth $1 billion. The purchase was seen as a sign of Musk's confidence in the company's long-term prospects. This comes after a proposed pay package for Musk that could make him the world's first trillionaire.