Tesla's shares increased after CEO Elon Musk invested $ 1 billion from his personal funds to buy new shares.
Information on this large investment of Musk was revealed through the filing of rules last Monday.
On September 12, Musk earned about 2.75 million shares of $ TSLA for between $ 372 and $ 397 per share.
MUSK's huge investment was made when Tesla faced a challenging year.
By 2025, the company recorded a decline in sales as a result of global response to Musk's political activities.
In early August, the Tesla Board of Directors proposed a $ 29 billion salary package in support of Musk's ongoing involvement with the company.
Wedbush Securities Managing Director, and Ives also described the big purchase as a positive sign of the future of Tesla's shares.
