Tesla Stock Rises After Musk Reaffirms Leadership And Business Rebound

Tesla Inc TSLA stock edged higher by as much as 3.5% to $354.15 early Tuesday morning after CEO Elon Musk, speaking at the Qatar Economic Forum, said he remains committed to leading the company for the next five years.

What Else: Investors welcomed the announcement, viewing it as a sign of stability during a period of uncertainty for the electric vehicle maker. Musk also claimed Tesla has “already turned around” following a difficult first quarter marked by falling revenue, lower deliveries and missed earnings estimates.

Despite these challenges, Musk’s renewed leadership pledge and optimism suggest confidence in Tesla’s upcoming product roadmap, including affordable models in 2025 and the Cybercab in 2026.

The market likely interpreted the comments as a vote of confidence in Tesla’s long-term strategy amid a volatile macroeconomic landscape.

Read Also: Tesla New Vehicle Registrations Surge In China, Gary Black Says It Should Provide Investors Some Relief

How To Buy TSLA Stock

Besides going to a brokerage platform to purchase a share – or fractional share – of stock, you can also gain access to shares either by buying an exchange traded fund (ETF) that holds the stock itself, or by allocating yourself to a strategy in your 401(k) that would seek to acquire shares in a mutual fund or other instrument.

For example, in Tesla’s case, it is in the Consumer Discretionary sector. An ETF will likely hold shares in many liquid and large companies that help track that sector, allowing an investor to gain exposure to the trends within that segment.

According to data from Benzinga Pro, TSLA has a 52-week high of $488.54 and a 52-week low of $167.41.