Elon Musk Just Bought $1 Billion of Tesla Stock, Which Is Up 90% Since Lows Made in April. Is Now the Time for Investors to Go All In?

Electric vehicle (EV) maker and robotaxi company Tesla (NASDAQ: TSLA) has been on a wild ride since U.S. President Donald Trump got elected. The stock initially rocketed higher, but then sold off intensely, as poor performance in the EV business and the effect of tariffs hit the company hard.But since April's lows, the stock has rebounded almost 90% and trades close to all-time highs made in late 2024. CEO Elon Musk seems to like what he's seeing and just purchased $1 billion of Tesla stock himself. Is now the time for investors to go all in?Following Trump's election win last November, Tesla's stock surged. There didn't seem to be any specific reason, other than Musk's ties to Trump and expectations for an easier regulatory landscape for Tesla. But as Musk's work with the Department of Government Efficiency (DOGE) proved to be controversial and his relationship with Trump soured, the "Trump bump" seemed to fade, especially as Tesla's core EV business struggled as well.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool