Tesla is up 2% today after CEO Elon Musk posted in a response to someone on X, “Daddy is very much home,” before detailing his packed Tesla schedule and involvement with various aspects of the company, including Optimus, where he’s said 80% of Tesla’s value will lie.
Tesla investors generally consider Musk’s involvement with the company to be a good thing, believing as Wedbush analyst Dan Ives has said, “Musk is Tesla and Tesla is Musk.”
Additionally, new data from Cox Automotive showed Tesla had more US EV sales than the next four top brands combined in August.
The stock soared yesterday after Musk purchased $1 billion in stock — a move that sent his personal wealth up $17 billion. The stock also jumped earlier this month after Tesla proposed a mammoth $1 trillion pay package for Musk intended to keep Musk at the company.
The phrase “Daddy’s home” is most commonly associated with the 2010 Usher track “Hey Daddy (Daddy’s Home).”