FT: Tesla shares rally after Elon Musk buys about $1bn of stock

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Elon [also said](https://x.com/elonmusk/status/1967813970783604818): > Daddy is very much home. > Am burning the midnight oil with Optimus engineering on Friday night, then redeye overnight to Austin arriving 5am, wake up to have lunch with my kids and then spend all Saturday afternoon in deep technical reviews for the Tesla AI5 chip design. > Fly to Colossus II on Monday to walk the whole datacenter floor, review transformers and power production (excellent progress), depart midnight. > Then up to 12 hours of back to back meetings across all Tesla departments, but particular focus on AI/Autopilot, Optimus production plans and vehicle production/delivery.

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Djeesus lord, the stock is not done then is it

It's on fire. Up 17% in 5 days.

A huge part of that was Elon buying all the supply up. It'll start to crater again.

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500 before the end of the year

It's only manipulation if you don't know what is causing the stock price change. We know exactly why it is changing.

And why?

No one has to tell you why they are buying stock. That is an absolute insane take.

Typical reddit idiot who doesn't understand the basics of things. The stock was 347 on Wednesday and went to 391 on Friday. Elon bought for 389.

I am just asking haha, keep your secret if you want. I was just wondering what you thought why it is trending upwards in your mind…

ohhh. lol my bad. I thought you were saying it should be a legal requirement to state exactly why a stock was purchased. It's going up because of the tech that Tesla is producing, and that the largest shareholder is buying more of the stock. When you see the C-suite selling off stock its time to bail, if you see important people buying stock, you should buy that stock. I think Optimus, Robotaxi and the powergrid Megapacks are going to be absolutely massive profit generators for them. They are basically creating new markets. Just like how SpaceX did with commercial space flight. I do not like Elon Musk's politics, but his business decisions are pretty sound. Except the cybertruck...womp womp.

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389, that was his AVG. He/they started buying at 371.9 and bout all the way up to 396.359. (Source)[https://ir.tesla.com/_flysystem/s3/sec/000110465925089693/000110465925089693-gen.pdf} Look at Friday's big push. It rose $25 while they were active buying, then it immediately stopped. There was a constant bid that day, and it turned out to be him And I'm not saying he was manipulating stock, im just claryfing what I believed was the reason for the most recent price surge. People think him buying $1billion worth of stock indicates TSLA will boom. I don't think it will.

Hedge funds exist. They move billions of dollars at any time and change stock prices.

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Lol. no, he bought it because he believes the stock is going to go up. Which is the reason anyone buys a stock. Him buying a stock gives other people confidence that the stock will go up.

Just 2 more weeks!

Said like a true short seller that got caught with the pants down these past few days.

It dropped 20 bucks on Monday when I shorted...im doing fine lol. You keep investing in it tho my friend!

It didn't drop on Monday. It closed Friday at 396 and closed Monday at 410.

What was HOD and the Low after that on Monday?

That's quite different than "dropped on Monday".

“CEOs belief in own company by buying stock on market market = stock manipulation” got it. Lmao yes I’m the simple one. You have no idea what you’re talking about

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Ah yes. Musk is in the business of making profit for himself. Look at how he makes money and buys all the cars, watches, houses, yachts etc.  Oh wait, musk clearly doesn’t care about money.  Even if he did, as you said it’s inconsequential in the grand scheme of things to his personal wealth and the stock.  But wait a minute, you just said it’s inconsequential to the stock yet at the same time he manipulated the market cap by 100 billion dollars.  So many contradictions it’s hard to keep up. I guess that’s why I’m the simple one.  Lmao you morons literally can’t keep two comments straight.  You have no idea what you are talking about or how anything works. You’re either legitimately this stupid (possible) or purposefully disparaging Elon by saying false things knowingly (more likely)

This guy is a master of pumping stocks!