Tesla (TSLA) shares surged 8% in premarket trading Monday after it was revealed CEO Elon Musk purchased some $1 billion worth of the electric vehicle's stock.
Tesla's stock has underperformed this year, but Musk is putting more of his money where his mouth is as he makes his first open-market purchase of shares since 2020.
Tesla stock has been on a tear lately. Wedbush analyst Dan Ives thinks it comes down to Elon Musk and his plans to make Tesla an AI leader.
U.S. electric carmaker Tesla plans to raise production at its German plant for the rest of the year due to strong sales, the head of the Gruenheide factory told Germany's DPA news agency on Sunday.
With Tesla shareholders set to vote on a proposed 10-year, $1 trillion compensation package for CEO Elon Musk in November, board chair Robyn Denholm spoke to The New York Times to defend what would be the largest pay package in corporate history.
Tesla's board crafted a $1 trillion package to motivate CEO Elon Musk's performance. Tesla's chair, Robyn Denholm, says his ventures outside Tesla are beneficial to Tesla.
Shares of automotive giant Tesla Inc. NASDAQ: TSLA closed just under $350 on Wednesday, continuing a lackluster couple of sessions. The stock looks tired and is essentially flat since May despite a breakout from its pennant pattern last month.
Carter Worth, Worth Charting, joins 'Fast Money' to talk the technicals on Tesla.
Robyn Denholm, normally media shy, is campaigning to get shareholders to back the chief executive's trillion-dollar compensation package.
Tesla's stock is on the rise.
Tesla, Inc.'s $1 trillion compensation package for CEO Elon Musk signals a shift from being valued as a car company to a tech-driven future. The package ties Musk's rewards to ambitious milestones: $8.5T market cap, robotaxis, Optimus robots, and massive EBITDA growth, aligning his focus with shareholders. Tesla's long-term investors are betting on future innovations—robotaxis, robotics, and energy—not current automotive metrics, justifying the stock's premium valuation.
Tesla has asked the San Francisco, San Jose, and Oakland airports about acquiring permits to operate a ride-hailing service at each location, according to Politico.