Tesla Inc.'s stock surged nearly 7% to $362 on May 27, 2025, marking its highest level since February 20. The rise in share price was attributed to a recent message from CEO Elon Musk, who committed to spending more time at Tesla and less at the Department of Government Efficiency (DOGE). Musk's announcement came after Tesla's stock had experienced volatility due to his involvement in various ventures and political activities. His promise to focus on Tesla, particularly on critical technologies like the autonomous driving robotaxi program, reassured investors. Despite the positive movement in stock price, the day was also marked by significant insider selling. Kimball Musk, brother of Elon Musk, sold nearly 92,000 shares, and director Ehrenpreis liquidated holdings worth nearly a quarter of a billion dollars. Both insiders stated their belief in Tesla's bright future as the reason for selling. The stock had risen 50% since mid-April, and the MAGS ETF, influenced significantly by Tesla, was up more than 3%, with other tech giants like Apple, Amazon, Google, Meta, Microsoft, and Nvidia also seeing gains between 2% to 3%.