Tesla shares gain after Elon Musk reveals $1 billion stock buy. Is this the largest insider acquisition ever?

Tesla shares surged following CEO Elon Musk's disclosure of a $1 billion stock purchase on Friday, his first open market buy since February 2020. This rare move, involving 2.57 million shares, signals a strong vote of confidence from Musk, boosting investor sentiment. Its Musks largest insider acquisition ever by value, according to Verity data.