Tesla Stock Jumps as Musk Boosts Stake by $1 Billion

Tesla shares surged 7.5% at Monday's open after CEO Elon Musk purchased $1 billion worth of company stock, marking his largest personal investment since the board proposed a $1 trillion performance-based compensation package. The MOVE signals strong confidence in Tesla's growth trajectory despite recent headwinds.

While gains moderated to 3.5% by market close, the transaction reinforces Musk's alignment with shareholders. Tesla has rebounded from Q1 challenges, though EV tax credit reductions and geopolitical factors continue to weigh on sentiment.

The electric vehicle Maker maintains ambitious expansion plans across its automotive and energy businesses. Market observers view Musk's capital commitment as a bullish indicator for Tesla's ability to scale production and maintain technological leadership.