And why has the South African entrepreneur been busy buying up shares in Tesla?

It's the CEO's most significant purchase in the open market since 2020.

Elon Musk was credited with helping drive an 8% rally in Tesla's share price before the NASDAQ opened Monday morning after he bought $1 billion in shares.

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.

Musk’s way of saying “I love you.”

And why has the South African entrepreneur been busy buying up shares in Tesla?