BTCC / BTCC Square / Global Cryptocurrency /
Tesla Stock Nears 2025 High Amid Musk’s $1 Billion Share Purchase

Tesla Stock Nears 2025 High Amid Musk’s $1 Billion Share Purchase

Published:
2025-09-16 20:34:01
13
1
BTCCSquare news:

Tesla shares are rallying in 2025 after a turbulent start to the year, now approaching their annual high of $450. The stock, which plummeted to $222 this spring following a December 2024 peak NEAR $470, has gained momentum with five consecutive days of growth.

Elon Musk's recent $1 billion stock purchase—2.57 million shares—signals strong confidence in the company. This MOVE follows a 25% monthly surge in Tesla's stock price. Analysts remain divided: Piper Sandler and Morgan Stanley maintain Overweight ratings with targets near the current $410 price, while Truist Securities holds a more conservative $280 target.

Technical indicators show Tesla breaking out of a four-month symmetrical pattern, suggesting potential continued upside. The stock hasn't traded above $435 since late 2024, making the current rally a critical test of market sentiment.

|Square

Get the BTCC app to start your crypto journey

Get started today Scan to join our 100M+ users