Tesla shares jumped 6 percent on Monday after CEO Elon Musk disclosed that he had bought $1bn worth of the company’s stock. The move reinforces Musk’s push for greater control over Tesla and comes a week after the company’s board offered him a $1 trillion pay package over the next decade.

Musk’s stock purchase – his first open-market buy-up of shares since 2020 – comes at a critical time for Tesla, as it races to transform into an artificial intelligence and robotics firm whilst also grappling with falling sales of electric vehicles (EVs).

But Musk’s pay packet has come in for intense criticism. Last weekend, Pope Leo decried the widening pay gap between corporate bosses such as Elon Musk – whose estimated wealth now stands at $367bn – and ordinary working people, which he said was a m

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