Elon Musk purchased $1 billion worth of Tesla shares after a proposed $1 trillion pay package for reaching production and market goals. Tesla’s stock jumped 7% on NASDAQ after the news. Despite this, Tesla’s stock is down 1.96% year-to-date due to Musk’s political involvement and sales struggles globally. Musk admits to facing “rough quarters” ahead with sales down in Europe and China. He openly criticized U.S. EV policy changes, calling them a “disgusting abomination.”

Read more at Yahoo Finance: Musk Buys $1 Billion Tesla Shares After Huge Payout Proposal