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Tesla stock soars to $410 on Musk's $1 billion buy and tech optimism


Tesla stock soars to $410 on Musk's $1 billion buy and tech optimism

Tesla's stock climbed to $410.04 on September 15, 2025, marking a 56.67% gain over the past year, propelled by Chief Executive Officer Elon Musk's $1 billion share purchase, Yahoo Finance reported. The stock opened at $423.13, reached a high of $425.70, and fell to a low of $402.43 that day. Its 52-week range lies between $212.11 and $488.54, with a market cap of $1.277 trillion.

On September 12, 2025, Elon Musk bought roughly 2.57 million shares for approximately $1 billion, his first major open-market acquisition since 2020, Yahoo Finance noted. This action spurred a 7% stock price jump that day, reflecting heightened investor trust. The prior week, shares gained 6.5% to reach $370.44, surpassing key resistance levels due to excitement over self-driving technology and potential Federal Reserve rate cuts.

Tesla is advancing its autonomous driving efforts, gaining approval for testing in Nevada, Yahoo Finance stated. The company plans to launch a robotaxi platform by 2026, driving further optimism. New energy storage products, such as the Megapack 3 and Megablock systems, are also strengthening Tesla's market prospects.

Tesla's board introduced a $1 trillion compensation package for Elon Musk, linked to lofty targets like a $2 trillion market cap and expanded production, Yahoo Finance reported. Some investors see this as a strong vote of confidence in Musk's vision, while others worry about the plan's steep valuation and potential risks.

Tesla faces challenges, including declining electric vehicle demand and intensified competition from Chinese manufacturers, Yahoo Finance observed. The company delivered around 1.8 million vehicles globally in 2024, but first-quarter 2025 deliveries in China dropped 13%, pressuring profit margins.

Analyst perspectives differ, Yahoo Finance noted. Wedbush analysts, encouraged by Musk's dedication, project a $500 stock price target. Baird analysts, however, remain cautious with a $320 target, pointing to the stock's elevated price-to-earnings ratio of 236 and near-term obstacles. Posts on X highlight optimistic technical trends, with some forecasting a rise to $400-$420, though market volatility remains a concern.

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