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Tesla CEO Elon Musk is back in the headlines after buying almost $1bn (拢735m) of his own company鈥檚 stock. The news sent Tesla shares shooting up more than 8%, showing that investors are still backing Musk 鈥� despite attracting a wave of negative press and public backlash for his political views.

Musk snapped up 2.57 million shares last Friday, paying between $372 (拢272) and $396 (拢290) each. This comes just a week after Tesla鈥檚 board offered him a jaw-dropping $1tn (拢767bn) pay deal, making it clear they鈥檙e fully behind him.

Tesla isn鈥檛 just about electric cars anymore. Musk is pushing into robotics, AI, and even self-driving 鈥渞obotaxis.鈥� He鈥檚 also been calling for more control at Tesla, hinting that he鈥檒l explore other tech projects if he doesn鈥檛 get it.

It鈥檚 not been all smooth sailing, though. Tesla鈥檚 sales in Europe actually dropped by 11% in 2024 after a big 56% jump in 2023. Analysts say that鈥檚 down to tougher competition and a crowded EV market. Tesla hopes to turn things around with cheaper versions of the Model 3 and Model Y, which could make EVs more accessible for UK buyers.

So, are you interested in a Tesla? Remember, you can buy a brand new or used car right here on 莲花直播. And you can sell your car, too. We鈥檙e here to help you through every step of your car-changing journey.

What does this mean for UK customers?

For UK drivers, Tesla鈥檚 moves could have a few interesting effects. The company鈥檚 plans for cheaper versions of the Model 3 and Model Y might make EVs more affordable, though packing in new tech could push prices back up.

If Tesla uses its recent stock cash boost to speed up production, deliveries could get quicker, which is always welcome. For anyone invested in Tesla through pensions or ETFs (exchange-traded funds), the stock surge might be good news. And as Tesla expands its lineup, other EV makers in the UK may respond, giving buyers more choices and possibly better deals.

Can a cheaper Tesla save the brand?

For months, the company has been teasing new 鈥渕ore affordable鈥� models which are rumoured to be stripped-down versions of the Model Y and Model 3. Originally, those were meant to start production in early 2025. Whether they鈥檝e actually done that remains to be seen.

An affordable Tesla 鈥� something closer to 拢25,000 鈥� could be a game-changer, especially here in the UK where electric car buyers are crying out for budget-friendly options with decent range. This move could also mean stepping up to compete with Chinese EV makers such as BYD, who are really gaining ground in UK sales.

Despite all the headlines about Musk鈥檚 political activity in the US, Tesla鈥檚 board says he鈥檚 fully focused on the company again. So, for UK drivers, that means buying a Tesla isn鈥檛 just about getting a car 鈥� it鈥檚 about keeping an eye on the tech and what Musk plans to do next.

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Looking for a new set of wheels? With 莲花直播 you can sell your car quickly and for a fair price 鈥� as well as find great offers on your next one. Whether you鈥檙e looking to buy a car brand new, are after something used or you want to explore car leasing options, 莲花直播 is your one stop shop for new car deals.

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