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Tesla turns positive for the year

Tesla shares surged Monday after CEO Elon Musk disclosed buying more than $1 billion worth.

9/15/25 8:45AM

Tesla is finally worth more than it was at the start of the year. Tesla surged to about $423 per share in early trading after the Elon Musk Revocable Trust reported acquiring 2.57 million shares, worth more than $1 billion.

Tesla’s stock peaked last December and ended the year at $403.84, according to FactSet, as the company rode high on CEO Elon Musk’s involvement in President Trump’s election. The stock, however, fell as that relationship became somewhat of a liability and Tesla sales flagged amid consumer boycotts. Shares sank again in June and July when Musk had a very public falling out with the president.

Lately, the stock has been recovering as Tesla expands a limited version of its robotaxi business and unveiled new Megapacks last week in an effort to boost its energy storage business. Despite an expected overall vehicle sales decline this year, Tesla could have a record third quarter as would-be buyers try to get ahead of federal tax credits that will disappear at the end of September.

Investors are interpreting Musk’s latest stock purchase — his first open market purchase since February 2020 — as a vote of confidence in the stock. In order to qualify for his $1 trillion pay package, Tesla’s market cap must rise to $8.5 trillion in the next 10 years.

Alexander C. Kaufman

Power play

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Inside Trump Media’s head-scratching $6 billion merger to become a nuclear fusion company

“TAE is swinging for the fences for a grand slam,” one analyst told us, but the odds are against it.

Hand Holding an Atomic Rock Above a City

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Report: OpenAI in early talks for new fundraising round with $750 billion valuation

Just yesterday, we were reading about how Amazon was in talks to invest as much as $10 billion in OpenAI, with an eye-popping valuation of more than $500 billion. But those numbers might already be old.

A new report by The Information says that OpenAI is in early talks to raise as much as $100 billion, with a $750 billion valuation.

The company is reportedly estimating its fast-growing revenue will hit $100 billion by 2028, but it also expects to burn $115 billion in cash through 2029.

OpenAI Has Discussed Raising Tens of Billions at Valuation Around $750 Billion

The company is reportedly estimating its fast-growing revenue will hit $100 billion by 2028, but it also expects to burn $115 billion in cash through 2029.

GOP Lawmakers In D.C. Poised To Vote On Waivers That Allow California To Set Own Emissions Standards

US electric vehicle sales are expected to slide nearly 40% in Q4

This is weirdly good news for Tesla.

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Trump Media surges after announcing it is merging with fusion energy company TAE Technologies

Perhaps a strong late candidate for weirdest merger of the year, Trump Media — owner of Truth Social — is combining with fusion energy company TAE Technologies in a $6 billion all-stock deal.

As part of the deal, Trump Media will provide up to $200 million of cash to TAE at signing, with an additional $100 million available once the initial filing of the Form-S4 is completed (form for registering new securities).

The deal will create “one of the world’s first publicly traded fusion companies,” per the press release revealing the combination, which also states:

“In 2026, the combined company plans to site and begin construction on the world’s first utility-scale fusion power plant (50 MWe), subject to required approvals. Additional fusion power plants are planned and expected to be 350 – 500 MWe.”

The announcement sent Trump Media shares up as much as 30% in premarket trading on Thursday, though it’s since shed some of that bump, holding above a 20% gain as of 7:30 a.m. ET.

Republican Presidential Nominee Former President Trump Holds Rally In Butler, Pennsylvania

Tesla investors don’t want Elon Musk involved in politics

The Tesla CEO is spending big on the GOP in midterm elections.

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