Tesla’s chief executive bought the stock after the company’s board proposed paying him nearly $1 trillion if he achieves certain performance goals.

Tesla shares rose by more than 8% after news of CEO’s transactions, a week after he was offered $1tn pay package

The purchases, the billionaire's first since 2020, boost his investment in the firm.

Tesla’s chief executive bought the stock after the company’s board proposed paying him nearly $1 trillion if he achieves certain performance goals.