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Why Today's Jump in Tesla Shares Surprised Investors

TheMotleyFool

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Why Today's Jump in Tesla Shares Surprised Investors: https://g.foolcdn.com/editorial/images/695624/tesla-ev-electric-vehicle-charging-station.jpg

Many investors would have expected Tesla (NASDAQ: TSLA) shares to be sinking today. But the opposite is happening. After an early jump of 5%, Tesla stock was still 3.1% higher as of 1:30 p.m. ET.

That move was a bit surprising after it was revealed yesterday that CEO Elon Musk sold almost $7 billion worth of his Tesla shares between Aug. 5 and Aug. 9. Musk's sales came at prices from about $838.5 to $912 per share.

Source Fool.com

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