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

Monday, September 15th 2025, 11:35:39 am
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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 to a tech leader. As of December, Musk held a roughly 13% stake, according to LSEG data. Tesla shares jumped more than 7% on Friday, extending solid gains from the previous session.
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