To The Moon

Elon Musk has done it again—this time, not with rockets or robots, but with his wallet. For the first time since 2020, he scooped up $1 billion worth of Tesla stock. It’s a bold move, and one that instantly lit up the market. To me, it wasn’t just another insider trade; it felt like a statement. Musk already has so much of his fortune tied to Tesla, so putting even more money into the stock tells me his conviction hasn’t wavered one bit.

The market responded in kind. TSLA rose on the news, closing yesterday at $410.04, and today it is currently up another 2%. Watching that price tick upward, I couldn’t help but wonder: is $400 only the beginning of something bigger?

Tesla Motors (TSLA)

But then reality settles in. For me, I’ve never been the type to buy a stock just because someone else is buying it even when that someone is Elon Musk. My process has always been about stepping back, looking at the fundamentals, and asking whether the valuation makes sense.

And when I do that with Tesla, the picture feels complicated. The company itself? Extraordinary. Tesla isn’t simply a car company; it’s a force that keeps reshaping entire industries. From electric vehicles to autonomous driving, every part of its vision seems designed to push the boundaries of what’s possible. Their financials tell a similar story—what was once a risky bet filled with uncertainty has steadily transformed into a record of growth, strong margins, and consistent profitability.

Still, I hesitate. The share price—sitting high above $400—feels stretched to me. Almost as if much of that promising future is already priced in. It’s like staring at a painting I admire deeply, knowing it would inspire me every day, but realizing the price tag makes me pause before reaching for my wallet.

That’s the tension I feel with Tesla right now: admiration mixed with restraint. Part of me wants to jump in, swept up by the excitement of Musk’s conviction and the company’s momentum. Another part of me whispers that patience is the smarter move, that the stock, as incredible as the company is, feels just out of reach at these levels.

So for now, I watch. I watch Musk double down on his creation, I watch Tesla push boundaries, and I watch the stock dance above $400. Whether this marks the beginning of another long rally or just a short-lived burst of excitement, I’m staying on the sidelines for now.