Musk buys $1B in Tesla stock
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Tesla ( TSLA 5.26%) stock has been on fire. CEO Elon Musk must think it has plenty more room to run, though. After Musk revealed a large Tesla stock purchase, other investors are joining the party. Shares had been on the upswing before, and they jumped another 6% today by 12:09 p.m. ET.
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Barchart on MSNThis Is How You Can Hedge Your Bets on Tesla Stock and ‘The Largest AI Project on Earth’
Cathie Wood, the CEO of Ark Invest, is an unabashed fan of Tesla (TSLA). The electric vehicle (EV) company is investing heavily in robotaxis and currently is the single-largest holding in the company’s Ark Innovation ETF (ARKK),