Tesla Elon Musk Insider Buy $ 1 billion

Timing The shares jumped after CEO Elon Musk revealed on Monday the first purchase of the stock in the open market since February 2020.

Musk bought 2.57 million shares at different prices on Friday, which amounts to about one billion dollars, which is a great acquisition from the inside, taking traders as a vote on confidence from the explicit executive.

Tesla shares were 6 % higher in pre -market trading on Monday morning. On Friday, they closed a little less for 2025 despite another gathering, as the stock has increased by more than 25 % over the past three months.

These types of purchases are rare for Musk with him at the last 200,000 shares, at a value of about $ 10 million on February 14, 2020, according to Verity data. It is the largest purchase of his value at all, according to Verity.

The company said earlier this month that it will ask the shareholders to agree New payment package For musk, which can reach $ 975 billion, based on various ambitious landmarks. Before the purchases on Friday, Musk owned about 13 % of Tesla.

Tesla shares have been promoted this year by partially related sales related to MUSK political activities that hurt me the brand, along with the end of some incentives for electric cars by the Trump administration.

The analysts were torn on the stock with the goal of the consensus price in Wall Street, calling for a 20 % decrease from here, according to Tipranks.com. Although many are optimistic in the long run if Musk can withdraw the company’s transformation to focus more on independent driving, artificial intelligence and robots. The CEO of the shareholders wants to approve an investment by Tesla in his last company, Xai.

Dan Evez, head of technology research at Wedbush, said that the interior purchase is a sign of confidence in Tesla Bulls and shows that Musk doubles on Tesla Ai Bet. “

The shareholders will vote in November, with a goal in November at a value of $ 8.5 trillion. The share value was $ 1.3 trillion at the closure of Friday.