Tesla Insider Buys Shares After Five-Year Drought

For the first time in five years, a Tesla insider—board member Joe Gebbia—purchased $1.02 million worth of Tesla stock, breaking a long-standing pattern of board members only selling shares. This move comes amid a recent 20% rally in Tesla's stock following disappointing Q1 earnings and CEO Elon Musk's announcement that he will prioritize Tesla over other commitments. While Gebbia's purchase has been seen as a show of confidence, its relative size compared to his net worth has led some commentators to view it as more symbolic than substantial. Meanwhile, Tesla continues to face insider selling, notably from Chairwoman Robyn Denholm, who has sold nearly $109 million in stock over the past three months. The company is also set to benefit from new tariff exemptions and is looking ahead to upcoming product launches, including cheaper models, the Cybercab, and advances in autonomous driving. Analysts remain divided on Tesla's future, with some optimistic about its potential in AI and robotics and others concerned about ongoing executive stock sales and business challenges.