Tesla CEO Elon Musk was participating in the Saudi Arabian Investment Forum in Riyadh, Saudi Arabia on May 13, 2025.
Hamad I Mohammed | Reuters
Tesla The stocks finally became positive that year.
After a disastrous first quarter that was the worst for stocks in any period since 2022 and a brutal start to April, Wall Street has once again gathered around electric car makers.
Stocks rose 3.6% to $410.26 on Monday, bringing its 2024 closing price up over $6. It was $221.86 on April 4th, an 85% increase since the yearly bottom ring. The new filing reveals that CEO Elon Musk has purchased about $1 billion worth of stake from the company through the Family Foundation.
This is the second year in a row that has bounced back after the first quarter. Last year, stocks fell 29% in the first three months before reaching 63% in 2024.
In recent weeks, analysts have praised the EV maker’s proposed pay plan for masks. The company is also being boosted by the new Megablocks battery energy storage system shipped to Tesla, which has been shipped to companies looking to reduce electricity costs and to use more power from renewable resources.
Despite the rebounds, Tesla is the second-most Western performer among Tech’s Megacaps this year. applewhich fell by about 5% in 2025. Tesla is still in the midst of multi-quarter sales disruption due to an aging EV lineup and China’s low-cost competitor, namely BYD.
Tesla has seen consumer backlash. This has seen consumer backlash, including spending nearly $300 million to bring President Trump back to the White House for Musk’s political efforts and including work with the Trump administration to cut federal workers.
Tesla’s leadership has been working to move investors’ attention to other topics such as robotaxies and humanoid robots.
However, the company has not yet provided vehicles that can be used without human beings on board, and is ready to control them when necessary. And while Musk promotes Tesla’s Optimus robot, he says he can do everything from factory work to babysitting, but the product is still a long way from getting to the market.
Watch: Mask stock purchase
