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International Business Times UK
International Business Times UK
Shyna Mae Deang

Tesla Surges 8% After Musk Snaps Up $1B of Shares — But Can He Save the EV Giant?

Elon Musk Tesla Inc. United States

Tesla's stock surged more than 8% on 15 September 2025 after CEO Elon Musk disclosed a near $1 billion share purchase, his first significant buy in five years.

The move, seen as a decisive vote of confidence, comes amid slowing EV demand, heightened competition, and scrutiny over Musk's proposed new pay package.

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