Tesla Stock Is 'Mooning'—Thank Elon?

Benzinga

Tesla shares have rebounded sharply since Elon Musk left Washington and pledged full-time focus on the company. After slumping earlier in 2025, the stock surged from $182 in May to $436 by October on excitement over robotaxis and autonomy. Musk’s return has restored investor confidence, fueling Tesla’s momentum.

Transcript

00:00It's Benzinga, bringing Wall Street to Main Street.

00:02Tesla stock has surged in October after a bruising first half of 2025,

00:06with shares slumped while CEO Elon Musk was tied up in Washington with the Trump administration.

00:11Analysts and investors blamed his political involvement for the drop,

00:14alongside weak sales and rising competition, according to Benzinga.

00:18Sentiment shifted sharply after Musk left D.C. in late May,

00:21stepped down from the Department of Government Efficiency,

00:23and pledged to spend 24-7 in Tesla.

00:26Investors rewarded his return, with shares climbing 22% in May,

00:28and momentum building as the company rolled out plans for robo-taxis and autonomy.

00:33Oak Bar's catalog posted on X that Musk takes heat with Tesla Falls,

00:37but gets little credit when it's mooning.

00:39Musk replied with a tearful laughing emoji and a bullseye emoji.

00:42Since his return, Tesla stock has soared from $182 on May 24th,

00:47to about $436 on October 2nd.

00:50For all things money, visit Benzinga.com.

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