Tesla Inc (TSLA US, +1, 12-Sep-25)

Elon Musk (Chief Executive Officer since Oct 2008, first joined 2004) bought 2.6 million shares on September 12th at $389.28, spending $1 billion. The purchase is highly publicized. 

While the purchase is large, it only increases his holdings by 1% and is modest relative to his sales in 2022, which totalled $23B, at prices ranging from $163 to $295. However, he has only made six prior open market purchases plus five purchases on subscriptions, and his record as a buyer is excellent. 

His last open market purchase was in October 2018 at $22, and his previous purchase on a subscription was in February 2020 at $51. His prior purchases have ranged in size from $1 million (October 2012 at $2) to $100 million (May 2013 at $6), totaling $286 million. 

This recent purchase coincides with a pending contract negotiation with the board, and there could be several reasons beyond simply optimism about the stock price. But based on his record, it is an interesting purchase. 

We are ranking the stock +1 (strongly positive signal).

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