Reported 2 days ago
Elon Musk made his first stock purchase in five years, buying 2.568 million shares of Tesla at around $1 billion following a substantial new compensation package. This purchase has sparked questions among shareholders about the timing and motivations, particularly as Tesla stock approaches overbought levels. Despite this, analysts remain optimistic, with some seeing significant growth opportunities for the company in AI and autonomous vehicles, while others advise caution as shares currently trade above typical market conditions.
Source: YAHOO