Tesla Stock Surges as Elon Musk Makes $1 Billion Share Purchase

Tesla shares jumped 6% intraday after CEO Elon Musk acquired 2.57 million shares worth approximately $1 billion—his first personal buy since 2019. The purchase occurred at prices between $372-$396 per share, following a 25% monthly rally.

Musk continues framing Tesla as an AI robotics play, asserting 80% of future value will derive from Optimus humanoid robots rather than electric vehicles. This aligns with growing investor anticipation around Tesla's robotaxi fleet and fully autonomous driving technology.

While the robotics timeline remains speculative, Musk's nine-figure bet signals conviction in Tesla's technological pivot. The market appears to agree—TSLA has outperformed major crypto assets like BTC and ETH year-to-date, with volatility reminiscent of meme coins like DOGE and SHIB.