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TSLA

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Tesla shares jumped after CEO Elon Musk disclosed Monday his first purchase of the stock in the open market since February 2020.

Musk bought 2.57 million shares at various prices Friday which tallies up to about $1 billion, a significant insider acquisition that traders took as a vote of confidence from the outspoken CEO.

Tesla shares were higher by 8% in premarket trading Monday morning. They closed Friday slightly lower for 2025 despite a recent rally, with the stock up more than 25% over the last 3 months.

These kinds of purchases are rare for Musk with him last buying about 200,000 shares worth around $10 million on February 14, 2020, according to Verity data. It's his largest purchase ever by value, a

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