Shares in Tesla Inc. (Nasdaq: TSLA) are finally positive again for the year, after the company’s stock price closed up nearly 3% yesterday to $410.04. The company’s stock price is up another point today as of the time of this writing to just above $415—marking its highest point for the year since late January, when the electric vehicle maker’s stock began crashing. The company’s stock price was trading below $400 on the first trading day of 2025.

However, while Tesla’s stock price is back in the black this year, its latest rise doesn’t have anything to do with the company’s fundamentals. Instead, it has to do with the actions of Elon Musk himself. Here’s what you need to know about TSLA’s recent return to growth.

Musk announces he bought $1 billion in TSLA shares

On Monday, Tesla CEO El

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