Reported about 3 hours ago
Tesla's stock price surged by 5% in afternoon trading on Monday, recovering from earlier losses after CEO Elon Musk bought 2.6 million shares for about $1 billion. This purchase marked Musk's first investment in the company since 2020 and is seen as a vote of confidence in Tesla’s future, particularly its autonomous technologies like robotaxis and humanoid robots. The stock has rallied over 70% since Musk stepped back from politics, fostering a more favorable business environment amid competition from BYD and concerns about EV tax credits in the US.
Source: YAHOO