Tesla jumps after Musk acquires EV maker’s shares worth $1 billion

(Reuters) –Tesla A regulatory filing CEO Elon Musk Last week, approximately 1 billion dollars of electric vehicle manufacturer had purchased shares.

According to the file, Musk paid 2.57 million shares in open market transactions on Friday and paid between $ 372.37 and $ 396,54 per share.

Tesla shares jumped more than 7% on Friday and provided solid gains from the previous session. This year, the stock, which has fallen about 2% so far, is on the way to record a third straight earning session if pre -marketing movements are maintained.

The feeling of investor in the automobile manufacturer was reduced by reducing the demand for home as well as Musk’s focus on politics.

On Friday, Tesla Chairman Robyn Denholm rejected his concerns about Musk’s political activities damaging sales, and a few months later, the billionaires said he was “front and center” in the White House.

(Reporting by the Critical Lamp in Bengaluru;