CEO Elon Musk Just Bought Nearly $1 Billion in Tesla Stock. Should Investors Follow Suit?

The past few years have been a wild ride for Tesla (NASDAQ: TSLA) investors. After climbing to a new all-time high in mid-December, the electric vehicle (EV) leader suddenly shifted into reverse as weak EV sales in its three largest markets punished the stock, which spent the next four months careening lower.Since bottoming out in early April, Tesla has experienced a remarkable comeback, gaining 76% (as of this writing). Excitement about the potential for the company's robotaxi service fueled most of the move higher. More recently, however, CEO Elon Musk turned heads when he bought a sizable amount of Tesla stock, adding millions of shares to his coffers.That purchase sparked excitement among Tesla investors. After all, if the chief executive is loading up, is it time for investors to follow suit?Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool