Musk Buys $950M in Tesla Stock

Benzinga

Elon Musk’s trust just scooped up 2.57 million Tesla shares, spending nearly $1 billion in one massive buy. The move sent Tesla stock surging more than 6% before the market even opened. Analysts say it could signal confidence in Tesla’s AI and Robotaxi future, but some warn the rally may fade quickly.

Transcript

00:00Elon Musk just dropped nearly $1 billion on Tesla's stock. Here's why Wall Street is going wild.

00:05Before the market even opened, Tesla was up over 6% after a new SEC filing revealed

00:10Musk's trust bought 2.57 million shares on Friday, at prices between $371 and $396 each.

00:19That's more than $950 million of skin in the game, bringing his total holdings to about 413

00:25million shares. Analysts like Dan Ives are calling Tesla's AI and RoboTaxi business a future $1

00:31trillion opportunity, while others warn this rally could fade in just a couple weeks.

00:37Tesla's momentum and growth are both ranked in the top quartile right now,

00:40and the stock is moving fast. Do you think this rally keeps going, or is this just a short-term pop?

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