Shares of Tesla climbed Monday, lifted by the news that CEO Elon Musk purchased some $1 billion worth of the electric vehicle maker’s stock.1 Tesla’s (TSLA) shares finished the day up 3.6% to around $410, pulling back a bit from earlier prices above $425.
The move pulled them into positive territory for 2025; they finished last year around $404, and they haven’t finished above that level since late January.
A regulatory filing showed Musk made 25 separate purchases last Friday totaling approximately 2.57 million shares for prices ranging from about $372 to $396.
The company earlier this month proposed a long-term pay package for Musk that could reach up to $1 trillion if Tesla meets certain milestones.
Analyst Dan Ives of Wedbush, a longtime Tesla bull, wrote that the move “is a huge sign of confidence for Tesla bulls and shows Musk is doubling down on his Tesla A.I.
Elon Musk, the CEO of Tesla, bought about $1 billion worth of the electric vehicle manufacturer’s stock on Monday, which caused its shares to rise. 1. .
Shares of Tesla (TSLA) saw a slight decline from their peak of $425, closing the day up 3 points 6 percent to about $410. They finished last year at about $404, and they haven’t broken through that mark since late January. The move put them in positive territory for 2025.
Musk, for his part, celebrated the increase with a little of his trademark wit, saying on X that the shares were “up $69 to ~$420 as foretold in the prophecy.”. 2. “.
The shares rose as a result of Musk’s purchases. According to a regulatory filing, Musk bought roughly 257 million shares last Friday in 25 different transactions, with prices ranging from roughly $372 to $396. The closing price of the stock on Friday was $395.94.
Investors viewed the purchases as confirmation of Musk’s commitment to Tesla, which has been struggling this year due to a decline in EV demand, and retaliation for the CEO’s collaboration with the Trump administration to reduce government spending. Earlier this month, the business offered Musk a long-term compensation package that, if Tesla hits specific targets, could total up to $1 trillion.
Longtime Tesla bull and analyst Dan Ives of Wedbush wrote that the action “is a huge sign of confidence for Tesla bulls and shows Musk is doubling down on his Tesla A.”. Me. wager. “3.
Since its initial publication, this article has been updated to provide context and take into account Monday’s trading close.
