Musk's $1B Tesla buy boosted shares, but with falling deliveries and rising competition, investor optimism may be premature.
Tesla (NASDAQ: TSLA) has staged a strong rebound since June 5, 2025, the day public tensions erupted between CEO Elon Musk and U.S. President Donald Trump.
Not surprisingly, the recent insider buying spotlight is on Elon Musk's billion-dollar purchase.
Australia's Syrah Resources said on Wednesday that it has agreed with Tesla to extend the deadline to address an alleged breach of their critical graphite supply agreement, buying the miner precious time to salvage a deal vital to its U.S. expansion.
Shares in Tesla Inc. (Nasdaq: TSLA) are finally positive again for the year, after the company's stock price closed up nearly 3% yesterday to $410.04. The company's stock price is up another point today as of the time of this writing to just above $415—marking its highest point for the year since late January, when the electric vehicle maker's stock began crashing.
Elon Musk purchased $1 billion worth of Tesla shares on Friday, his first open market buy since 2020, as he seeks greater control over the company as it pivots to robotaxis and AI.
U.S. equities were higher at midday on positive comments about China trade and the future of TikTok from President Trump, as well as Tesla (TSLA) news. S&P 500 and Nasdaq gained, while the Dow Jones Industrial Average was little changed.
CNBC's Robert Frank joins 'Money Movers' to discuss Tesla shares jumping after CEO Elon Musk disclosed Monday his first purchase of the stock in the open market since February 2020.
Tesla Inc (NASDAQ:TSLA) investors should be "relieved" that the company wants to pay CEO Elon Musk
Elon Musk revealed Monday that he purchased $1 billion worth of Tesla's stock – a major show of confidence that sent shares of the electric car maker surging 7% in early trading.
Elon Musk filed a Form 4 on September 15, disclosing a purchase of nearly 2.57 million shares in Tesla (NASDAQ: TSLA) at prices between $371–$396, totaling around $1 billion.
Tesla Inc (NASDAQ:TSLA) shares gained nearly 6% to $417.94 in early Monday trading after a Securities and Exchange Commission (SEC) filing revealed that company CEO Elon Musk bought 2.57 million Tesla shares on Friday, at prices between $371.38 to $396.54 per share, valued at about $1 billion. Following the transaction, Musk now owns 509,362,808 Tesla shares.