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Musk buys $1bn worth of Tesla shares

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

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 invest in robotaxis, automation and artificial intelligence (AI). On Monday, the British government accused Musk of using "dangerous and inflammatory language" when he appeared by video link at a rally organised by far-right activist Tommy Robinson in London on Saturday. Asked about those assurances in an interview with Bloomberg last week, board chair Robyn Denholm said "what [Musk] does from a personal perspective in terms of his political motivations, et cetera, is up to him", while maintaining that he was "back, front and centre" at Tesla.

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