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TSLA: Tesla Stock Gains as Traders Ramp Up Bets in Efforts to Hit a New All-Time High

1 min read
Key points:
  • Tesla shares charge higher
  • Buffett drops entire BYD stake
  • Record high sits at $489 a piece

Shares are not too far from the record high. Just about $60 more a pop and Tesla bulls will earn their bragging rights… again.

🚗 Buffett Exits BYD, Tesla Gets the Spotlight

  • Tesla stock TSLA ticked 0.9% higher in the first deals Monday after word dropped that Warren Buffett’s Berkshire Hathaway has officially exited its legendary BYD stake.
  • A 17-year run, bought for $230 million, sold for billions, with a 3,900% gain in between. Not bad, Oracle of Omaha. Even though it was Charlie Munger’s tip-off, which led to the investment back in 2008.
  • The move shifts EV investor attention back to Tesla, especially as BYD 1211 loses its “Buffett halo.” Traders see Tesla as the cleaner, shinier play in a market hungry for electric momentum.
  • Berkshire’s final exit has symbolic weight. Charlie Munger once called BYD’s CEO a “damn miracle,” but now it’s Musk’s game to prove whose miracle runs longer.

🔥 Tesla’s Hot Streak Rolls On

  • Tesla shares have risen in eight of the last nine trading sessions, finally flipping positive for the year and notching a 6% gain in 2025. That’s on top of an 80% surge over the past 12 months.
  • Fueling the run? Elon Musk himself, dropping $1 billion of his own money into Tesla stock earlier this month. A bold CEO buy often doubles as a vote of confidence and a rallying cry for bulls.
  • Short-term momentum has been brutal for bears. Tesla flipped from laggard to leader in just a few weeks, with dip-buyers rewarded every time.

🎯 Eyes on the Prize: $489 All-Time High

  • The iconic EV maker now trades just about $60 shy of its record peak at $489. That’s the “final boss level” resistance – break it, and bulls can claim fresh bragging rights.
  • The risk? Overbought conditions. Traders know when a stock runs too far too fast, it often needs to breathe. RSI readings already hint Tesla may need a cooldown.
  • If momentum carries, though, the breakout could spark another leg higher. Miss it? A pullback may give latecomers the entry point they’ve been waiting for.