Tesla Stock (TSLA) Skyrockets After Elon Musk’s $1 Billion Share Purchase Shakes Markets
Elon Musk just dropped a billion-dollar vote of confidence—and Tesla shareholders are reaping the rewards.
TSLA surged double-digits after Musk disclosed a massive personal investment, snapping up $1 billion worth of shares. The move signals robust insider belief just as critics questioned the company's growth trajectory.
Market Momentum Meets Musk Magic
Tesla’s stock ripped higher as news broke—proving once again that when Musk buys, the market follows. No fancy analyst upgrades or institutional reports needed; just one billionaire betting big on his own company.
Retail traders and funds piled in, amplifying the rally. Short sellers scrambled. Options volume exploded. Classic Tesla theatre.
Why It Matters—Beyond the Hype
Musk’s purchase isn’t just a headline—it’s a liquidity event. That kind of buying pressure doesn’t quietly enter the market; it kicks the door down.
Yet beneath the frenzy lies a sharper truth: in today’s market, a CEO’s checkbook often speaks louder than quarterly earnings. Convenient, isn’t it?
One thing’s clear: when Musk moves, markets listen. Even if half of Wall Street still thinks Tesla’s a meme stock wrapped in a mission statement.
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All of the stock purchases made by Elon Musk on Friday added to his indirect holdings of TSLA shares. This brought his indirect holdings through the Elon Musk Revocable Trust, which Musk is the trustee of, to 413,362,808. The Securities and Exchange Commission (SEC) filing for the purchases also lists his direct share holdings at 96 million units.
Investors will note that Elon Musk doesn’t often purchase Tesla shares through the open market. The last time he did so was in 2020 when he bought 200,000 shares for roughly $10 million.
Tesla Stock Movement Today
Tesla stock was up 7.87% on Monday, following a 7.36% rally on Friday. However, the shares have fallen 1.96% year-to-date but remained up 74.59% over the past 12 months.
Wedbush analyst Dan Ives spoke about the purchase with CNBC. He noted it “is a huge sign of confidence for Tesla bulls and shows Musk is doubling down on his Tesla A.I. bet.” Ives also reiterated an Outperform rating and $500 price target for TSLA stock in a research note released over the weekend.
Is Tesla Stock a Buy, Sell, or Hold?
Turning to Wall Street, the analysts’ consensus rating for Tesla is Hold, based on 14 Buy, 13 Hold, and seven Sell ratings over the past three months. With that comes an average TSLA stock price target of $313.62, representing a potential 20.79% downside for the shares.
