:max_bytes(150000):strip_icc()/GettyImages-2226916507-612bc2981bdf4d069c0ad3ca1ea91088.jpg "Tesla Stock Turns Positive for 2025 as Elon Musk Buys About B of Shares")
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Key Takeaways
- Elon Musk purchased some 2.57 million Tesla shares last week, sending the stock higher—and into positive territory for the year—in Monday trading.
- The CEO’s investment was worth approximately $1 billion, according to regulatory filings.
- The move is seen as a sign Musk is more focused on Tesla and its move into artificial intelligence.
Shares of Tesla climbed Monday, lifted by the news that CEO Elon Musk purchased some $1 billion worth of the electric vehicle maker’s stock.
Tesla’s (TSLA) shares finished the day up 3.6% to around $410, pulling back a bit from earlier prices above $425. The move pulled them into positive territory for 2025; they finished last year around $404, and they haven’t finished above that level since late January.
Musk, for his part, celebrated the rise with some of his characteristic humor, at one point observing on X that the shares were “up $69 to ~$420 as foretold in the prophecy.”
Musk’s purchases fueled the shares’ climb. A regulatory filing showed Musk made 25 separate purchases last Friday totaling approximately 2.57 million shares for prices ranging from about $372 to $396. The stock closed Friday at $395.94.
The buys were seen by investors as a further commitment by Musk to Tesla, which has struggled this year with falling demand for EVs, and backlash from the CEO’s work with the Trump administration in cutting government spending. The company earlier this month proposed a long-term pay package for Musk that could reach up to $1 trillion if Tesla meets certain milestones.
Analyst Dan Ives of Wedbush, a longtime Tesla bull, wrote that the move “is a huge sign of confidence for Tesla bulls and shows Musk is doubling down on his Tesla A.I. bet.”
This article has been updated since it was first published to add context and reflect the close of Monday’s trading.
