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Tesla Stock Volatility Highlights Market Sentiment Amid Musk’s Insider Purchase
Tesla Stock Volatility Highlights Market Sentiment Amid Musk’s Insider Purchase
10
2
BTCCSquare news:
Tesla shares surged 7.5% in early trading after Elon Musk's $1 billion insider purchase—his first since 2020—before paring gains to close up 3.5%. The rally reflected bullish sentiment toward Musk's show of confidence, but profit-taking and fundamental concerns eroded half the advance by market close.
William Blair analyst Jed Dorsheimer noted the tension between Optimism over Musk's buy and persistent worries about evaporating EV tax credits. Tesla's margins face pressure as these subsidies phase out later this year, exposing the company to intensifying competition in the electric vehicle sector.
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