Tesla’s Resurgence and Elon Musk’s Billion-Dollar Stock Purchase
Tesla shares have surged 76% since early April, fueled by Optimism around its upcoming robotaxi service. CEO Elon Musk amplified market excitement by purchasing nearly $1 billion worth of Tesla stock, signaling confidence in the company's trajectory.
The robotaxi pilot program, launched in Austin with select test rides, marks Tesla's strategic pivot toward autonomous mobility. Social media influencers broadcasting their experiences further stoked retail investor interest.