"Tesla ( NASDAQ:TSLA ) shares have rocketed 20% in the past week, fueled by CEO Elon Musk's bold move to scoop up about $1 billion in company stock. Disclosed on September 15,, Musk's purchase of roughly 2.57 million shares marked his first open-market buy since 2020, signaling unshakeable confidence amid board proposals for a staggering $1 trillion pay package tied to ambitious milestones. This insider bet propelled TSLA from year-to-date lows, flipping the stock positive for 2025 after a turbulent ride. Over the last three months, shares have surged more than 30%, while the stock is up over 78% in the past year, rebounding from April's $212 intraday slump."
"Tesla's EV dominance is under siege, with sales faltering across major regions. In Europe, deliveries plunged 49% year-over-year in August, battered by subsidy cuts and fierce competition from Chinese rivals like BYD. China, Tesla's second-largest market , saw a 2% drop last month amid a price war and economic slowdown, despite aggressive discounts. Even in the U.S., where Tesla commands 38% of the EV market - its lowest in eight years - sales dipped 6.7% in August, as consumers flock to fresher models from Ford ( ) and Hyundai."
Elon Musk bought roughly 2.57 million Tesla shares on September 15, an open-market purchase worth about $1 billion and his first such buy since 2020. The insider purchase fueled a 20% one-week rally, lifted three-month returns above 30%, and pushed year-over-year gains past 78%, recovering from April lows. Q3 earnings are scheduled for late October, creating a decision point for investors weighing selling into strength or holding through potential volatility. Sales weakened globally: Europe deliveries plunged 49% in August, China fell 2% amid a price war and slowdown, and U.S. deliveries declined 6.7% with U.S. EV share at 38%, its lowest in eight years.
Read at 24/7 Wall St.
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