Tesla share surge as Elon Musk buys $1B in stock — coming on heels of $1T compensation package

Source: New York Post

Elon Musk revealed Monday that he purchased $1 billion worth of Tesla’s stock – a major show of confidence that sent shares of the electric car maker surging 7% in early trading. The 54-year-old billionaire bought 2. 57 million Tesla shares through a trust on Friday, according to a regulatory filing.