What's Going On with Tesla Stock Today?

Tesla (TSLA) has been hammered in 2025, with the stock down 29% year-to-date through Monday's close, versus the wider S&P 500's drop of just 7%. But a new insider buy is creating a stir. Director Joe Gebbia bought 4,000 Tesla shares on April 24 for over $1 million, signaling confidence in the company's future.

Insider Confidence

Gebbia's purchase is the first insider buy since 2020, and he paid an average price of $256.31 per share. His trust now holds a total of 4,111 shares, according to an SEC filing. When insiders start buying, it often raises the question: Do they see the stock as undervalued? It could be a sign that the company’s leadership believes in the stock’s potential.

CEO Musk’s Focus Shift

Tesla's stock got a lift last week when CEO Elon Musk announced he’d be spending more time at Tesla’s headquarters and less time focused on his role with the Department of Government Operations (DOGE) in Washington, D.C. Investors were hopeful that Musk’s shift in priorities might spark some renewed energy and focus on driving Tesla forward.

Tesla showing it's new Roadster at Grand Basel exhibition in Switzerland - Photo by Tesla Fans Schweiz on Unsplash

🚨 Tariff Policy Changes 🚨

Another key factor that could impact Tesla’s stock is the potential change in auto tariffs. President Donald Trump is expected to revise auto tariff policies, including offering a 3.75% credit on imported car parts. The announcement could come at a rally in Warren, Mich., planned to start around 6 p.m. Eastern time. While Tesla doesn’t import finished vehicles, this change could help offset the impact of tariffs on Tesla’s parts supply chain and ultimately benefit the company.

Tesla shares are down 1% today, the biggest drop among the Mag 7 stocks. However, the easing of auto tariffs could act as a potential catalyst and offer some upside in the near term.