Tesla’s stock just flipped green for the year after Elon Musk dropped a cool billion dollars on Tesla shares, his first purchase since 2020. The move sent Tesla up 2% in premarket trading on Tuesday, erasing losses from earlier in the year and sparking new buzz around the company’s long-term bets.
Musk picked up 2.6 million shares worth about $1 billion, which many investors see as a rare but powerful vote of confidence. The timing is interesting too. Just a week ago, Tesla’s board proposed a record-breaking $1 trillion compensation package for Musk, tied to bold goals like expanding the robotaxi program and scaling humanoid robots.
Tesla’s comeback is also tied to Musk stepping away from politics and leaning harder into autonomy. Since officially leaving Washington, Tesla shares have jumped more than 70%, with the company debuting robotaxis in Austin this June and preparing for tests in Nevada. Musk hasn’t been shy about his next big push either: Optimus humanoids.
“Optimus is going to be the greatest product in the history of humanity,” Musk told the All-In podcast earlier this month.
Whether or not you believe the hype, Wall Street is paying attention. Morgan Stanley’s Adam Jonas kept his “Overweight” rating with a $410 target, noting that if humanoid robots replace just 1% of the U.S. labor force, it could add $100 to Tesla’s share price.
Of course, Tesla still faces pressure. BYD continues to chip away at global market share, and the expiration of U.S. EV tax credits adds another layer of uncertainty. But for now, Musk’s billion-dollar buy has given Tesla stock a clear boost, pushing it about 3% higher year to date.
If you’re watching Tesla not just as an automaker but as a future robotics powerhouse, this latest move adds fuel to that narrative. Investors may be buying into more than cars, they’re betting on Musk’s vision of a robotic future.
Source: YahooFinance