Tesla Stock Surges 6% After Elon Musk’s $1 Million Share Purchase
Tesla shares rallied sharply on Monday following CEO Elon Musk's latest show of confidence in the electric vehicle maker. Musk acquired approximately $1 million worth of TSLA stock, marking his first open-market purchase since 2020. The move comes as Tesla shares have already gained 25% over the past month.
The stock's 5% Monday surge builds on growing investor Optimism around Tesla's autonomous driving ambitions. The company is preparing to expand its robotaxi fleet after successful pilots in Texas and California, positioning itself as a formidable challenger to Waymo. Meanwhile, Musk's bold prediction about the Optimus humanoid robot being "the greatest product in human history" continues to fuel long-term speculation about Tesla's technological potential.
