Tesla stock is finally on the rise in 2025, after a disastrous start to the year. After its huge surge to end 2024, following the election of Donald Trump as US President. After peaking in the $470 range in December 2024, TSLA fell to as low as $222 this past Spring. Now, Tesla shares are trading at their highest levels since January after gaining ground for five straight days.

The latest boost came from news that CEO Elon Musk had purchased about $1 billion worth of the company’s stock. He added 2.57 million shares on Friday for about $1 billion, according to a Securities and Exchange Commission filing. The purchase shows his everlasting confidence in Tesla, with those stock purchases coming after Tesla stock soared by 25% in the past month.

Following Musk’s TSLA stock purchase, Tesla shares are now nearing their $2025 high. The stock hasn’t traded above $435 since last year. Analysts are divided on Tesla, with some suggesting upside from the current $410.04 price. Piper Sandler and Morgan Stanley maintain Overweight ratings, while Truist Securities opts for a Hold. Piper Sandler, with the highest price target accuracy, 97%, per Yahoo, maintains an Overweight rating with a $400 target, which is close to the current price. Morgan Stanley also targets $410, aligning with the market. Truist Securities, with a lower overall score (43), holds at $280.

Furthermore, Tesla’s shares broke out from a four-month symmetrical triangle last week, setting the stage for a continuation move to the upside. Importantly, above-average volume has accompanied the recent buying, indicating conviction from larger market participants. Meanwhile, the relative strength index confirms bullish price momentum, though the indicator also flashes extreme overbought conditions, heightening the chances of near-term pullbacks.

At $419, Tesla (TSLA) is currently trading near the top of its 52-week range and above its 200-day simple moving average. Wall Street has 27 Buy ratings on Tesla stock, 19 Hold, and five Sell.