Musk goes all in as $1 billion bet sends Tesla climbing

3 hours ago

Tesla shares have jumped more than 8% after a regulatory filing showed that CEO Elon Musk had purchased nearly $1 billion worth of the electric-vehicle maker's stock. The stock purchase reinforces Musk's push for greater control over Tesla, which is racing to meet its ambitious targets on robotaxis, artificial intelligence and robotics as it looks to pivot from an EV maker