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Tesla shares soar as Musk goes on buying spree

Tesla shares soar as Musk goes on buying spree

Shares in Tesla have surged on news that Elon Musk has snapped up stock worth more than $1bn (£741m), bolstering investor hopes the tycoon is committed to its recovery.

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Elon Musk just spent $1 billion on Tesla shares. He'll have to spend a lot more to ramp up his control.

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