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395 Elon Musk responds to Tesla pay proposal by buying $1 billion worth of stock

The Verge
Andrew J. Hawkins @ The Verge · today 11:02 EDT

Elon Musk responds to Tesla pay proposal by buying $1 billion worth of stock

Elon Musk is responding to the unprecedented pay package proposal from Tesla’s board of directors by increasing his stake in the company. Musk bought $1 billion in Tesla stock through an irrevocable trust on September 12th, according to a regulatory filing released Monday. Tesla shares were trading up over 5 percent on the news, pushing […]

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