"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. The company's stock price was trading below $400 on the first trading day of 2025."
"Following the news of Musk's Friday share purchase, on Monday, TSLA stock rose, and it is again up today. The main reason for this is that investors see Musk's family foundation's purchase as a vote of confidence in the beleaguered EV maker. If Musk is buying shares in the company, many are likely to argue that he believes their value will increase, which causes other investors to buy into the stock, too."
"But investors also seem to be taking Musk's purchase of $1 billion worth of Tesla shares as a sign that Musk will also be devoting more time to the company. Throughout 2025, Musk's attention has been diverted to his government and political antics. The Tesla CEO spearheaded the Department of Government Efficiency (DOGE) during the first half of 2025-and continues to be an outspoken critic of progressive and liberal politics in the United States and Europe."
Tesla's stock rose to close near $410.04 and climbed above $415, marking the highest level for the year since late January and moving back into positive territory for 2025. The rebound followed an announcement that Elon Musk's family foundation purchased 2.57 million TSLA shares in tranches the previous Friday, representing roughly $1 billion in value. Investors interpreted the purchase as a vote of confidence and a sign Musk might refocus on the company. Investor concern had grown after Musk diverted attention to political activities in 2025, including the Department of Government Efficiency (DOGE) and public criticism of progressive politics.
Read at Fast Company
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