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Elon Musk buys $1bn worth of Tesla shares

Source: BBC

Getty ImagesBillionaire Elon Musk has scooped up roughly $1bn (£735m) worth of Tesla shares, in what is being seen as a vote of confidence in the electric car maker.Shares in Tesla, which have struggled to advance this year, jumped more than 6% in early trading on Monday on the news.Musk already held a roughly 13% stake in the company, but he has long sought more control of the firm, which he has been pushing to…

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Read the original source at BBC