US EditionTesla rallies to an eight-month high after Elon Musk buys more than $1B worth of shares
- On Monday, Elon Musk revealed that he acquired approximately 2.57 million Tesla shares, spending close to $1 billion, with share prices ranging between $372 and $397 each.
- This purchase, Musk's first open-market buy since early 2020, followed the Tesla board's $1 trillion compensation plan proposal for him just over a week earlier.
- Musk's stock acquisition has pushed Tesla shares up 6% in early trading and signals his renewed commitment amid slowing EV demand and rising competition.
- According to Matt Britzman, an equity analyst at Hargreaves Lansdown, Musk’s recent stock purchase strongly indicates his renewed full commitment, signaling that Tesla’s progress story is regaining momentum after earlier uncertainties.
- The purchase may boost investor confidence but Tesla now faces challenges in meeting ambitious targets and sustaining growth in a mature EV market with regulatory and margin pressures.
245 Articles
245 Articles
The reason Tesla shares are climbing has nothing to do with cars
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Insiders Are Aggressively Buying These 5 Stocks
Insiders know their company the best. So, if they’re buying a good deal of shares, there’s often a reason for it. However, don’t buy a stock just because an insider is buying. Do your own due diligence on the stock, both technically and fundamentally, before jumping in. Here are five you may want to dig into today. Tesla Earlier this week, Tesla (NASDAQ: TSLA) CEO Elon Musk bought nearly $1 billion worth of stock, reinforcing his push for grea…
Elon Musk buys $1 billion in Tesla stock as board defends his pay - Hawaii Tribune-Herald
Elon Musk has bought around $1 billion worth of Tesla stock, his first such purchase in more than five years, as the company’s board promoted a new compensation plan that could grant him nearly $1 trillion if he meets certain performance targets.
Prediction: Tesla Stock Might Soar 75% Over the Next 15 Months If This Happens @themotleyfool #stocks $TSLA $LCID $RIVN
Key PointsThe global robotaxi market could eventually be worth $10 trillion.One analyst thinks Tesla's market cap will reach $2 trillion by the end of 2026.These 10 stocks could mint the next wave of millionaires › Due to rapid advancements in artificial intelligence (AI) and machine learning, many experts believe that the age of autonomous driving is finally upon us. Cathie Wood, the chief executive officer of Ark Invest, for example, believes …
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