What's Going On With Tesla And Why Did The Stock Price Shoot Up Yesterday?

Benzinga

Tesla stock jumped Monday as investors reacted to a wave of developments surrounding Elon Musk’s ecosystem. From billions in board stock awards to new patents hinting at Starlink integration and growing speculation around a SpaceX IPO, the market appears to be reassessing Tesla’s long-term positioning.  At the time of recording, Tesla was trading around $475 per share following the market close. Here’s what’s really driving the move — and why this may be about much more than just Tesla’s core business.

Transcript

00:00Tesla just ripped higher, but it wasn't because of deliveries or earnings.

00:04So what sparked the nearly 4% move yesterday? Elon Musk tweeted that Tesla is testing

00:09robo-taxis without safety monitors in the front seat. And another big reason investors are paying

00:14attention right now is Tesla board members have quietly earned over $3 billion in stock awards,

00:21even after freezing new director pay back in 2021. According to a Reuters analysis,

00:26some directors made hundreds of millions over time as Tesla stocks surged, including Kimball

00:31Musk, Ira Aaron Price, and chair Robin Denham. At the same time, Tesla just filed a new patent that

00:38could hint at future Starlink connectivity inside Tesla vehicles, potentially solving dead zones and

00:44strengthening Tesla's robo-taxi ambitions. Zoom out even further and investors are also watching

00:50SpaceX, which is reportedly preparing for an IPO valued around $800 billion. With some

00:56reports pegging it as high as $1.5 trillion, putting Elon Musk's entire ecosystem back in

01:02focus. Between robo-taxi progress, connectivity bets, and massive upside tied to Musk's private

01:08companies, Tesla's move looks less like a single headline and more like the market recalibrating

01:14the bigger picture.

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