Tesla is up 2% today after CEO Elon Musk posted in a response to someone on X, “Daddy is very much home,” before detailing his packed Tesla schedule and involvement with various aspects of the company, including Optimus, where he’s said 80% of Tesla’s value will lie.
Tesla investors generally consider Musk’s involvement with the company to be a good thing, agreeing with Wedbush Securities analyst Dan Ives that “Musk is Tesla and Tesla is Musk.”
Additionally, new data from Cox Automotive showed that Tesla had more US EV sales in August than the next four top brands combined.
The stock soared yesterday after Musk purchased $1 billion in stock — a move that sent his personal wealth up by $17 billion. The stock also jumped earlier this month after Tesla proposed a mammoth $1 trillion pay package for Musk intended to keep him at the company.
The phrase “Daddy’s home” is most commonly associated with the 2010 Usher track “Hey Daddy (Daddy’s Home).”