Elon Musk just YOLO’d $1B of his own cash on Tesla shares, sending the stock surging and wiping out its losses for the year. For the world’s richest man, it’s basically couch-cushion money.
Wall Street went wild as Tesla stock shot up nearly 7% at the open before cooling off to a 4% gain—enough to erase a brutal 42% drop earlier this year. Musk’s flex instantly added $5.8B to his net worth, meaning the buyback basically paid for itself before lunch.
Tesla’s year has been pure chaos: political drama, sales slumps, Trump fallout, BYD breathing down its neck, and the looming death of the $7,500 EV tax credit. Yet Musk insists the future lies in robotaxis, AI, and him snagging a $1T pay package if Tesla hits a $2T valuation.
But here’s the kicker: Musk wants 25% control of Tesla—or he’ll take his AI toys and play elsewhere. Translation? If investors don’t hand him more power, he might just ghost Tesla for his side hustles. Classic Musk.
