Elon Musk just made his largest Tesla insider buy ever: $1 billion. When someone worth $480 billion drops that kind of cash on their own stock, it’s worth paying attention.
This isn’t just rich guy flexing. Musk has a track record here. In 2013, when everyone said Tesla would never be profitable, he proved them wrong and the stock jumped 750%. In 2019, when critics said Model 3 production was impossible, he delivered and shares rocketed 3,300%.
Now the skeptics are focused on full self-driving and Tesla’s humanoid robots. But Tesla’s FSD system just logged 1.6 billion miles in Q2 alone – that’s 8 million miles per day of real-world data. While competitors like Waymo are still in the tens of millions, Tesla is operating at a completely different scale.
The robotaxi market is projected to grow from $2.3 billion today to $1.49 trillion by 2035. Morgan Stanley thinks humanoid robots could become a $5 trillion annual market by 2050.
Tesla has been consolidating for years after its 2021 peak. But when the world’s richest person makes his biggest bet ever on his own company, it might signal the start of Act Two. If history rhymes, we could be looking at another legendary Tesla run.