Group 1 - Elon Musk's recent purchase of over 2.57 million Tesla shares for $1 billion marks the largest market-open insider trade for the company since its IPO in 2010 [1] - Musk has a history of significant Tesla stock purchases, including over 72,506 shares for $25 million in June 2018, 33,000 shares for $10 million in May 2018, and 13,037 shares at $767 per share in February 2020 [2] - Other notable market-open purchases include Larry Ellison's acquisition of over 1,250 shares at $767 per share totaling over $1 million in February 2020, and Joe Gebbia's purchase of over 4,000 shares at $265.308 in April 2023, also totaling just over $1 million [3] Group 2 - Tesla is expected to exceed analyst delivery estimates for Q3, driven by a sales surge due to the impending end of the $7,500 Federal Credit for EVs after September 30, 2025 [4] - A new CEO compensation package for Musk has been revealed, which could potentially make him the first trillionaire in history if all milestones are met [4] - Tesla scores well on Momentum and Growth metrics, while showing satisfactory Quality but poor Value [5]
Amid Elon Musk's $1 Billion Stock Buy, Here Are Tesla's 5 Biggest Market-Open Insider Purchases Since It Went Public - Tesla (NASDAQ:TSLA)