Tesla Skyrockets 2.73%: Can Musk's $29 Billion Stock Award Spark a New Bull Run?

Summary
• Tesla (TSLA) surges 2.73% in intraday trading, breaking above $310 despite a short-term bearish trend
• Board approves 96M-share restricted stock award for Elon Musk at $23.34/share exercise price
• Leverage ETFs like TSLG and TSLT surge 5.36% and 5.32% respectively
• Intraday range of $305.55 to $312.115 shows strong support near 30D moving average of $317.94
Tesla shares are rallying on a landmark board decision to grant CEO Elon Musk a $29 billion restricted stock award, a direct response to the Delaware court's 2024 ruling voiding his original $50 billion compensation package. With the stock trading 2.73% above its 14:16 open price of $309.0, investors are weighing whether this interim award represents a strategic pivot toward AI/robotics or merely a stopgap measure in ongoing legal battles.

Musk's $29 Billion Stock Award Sparks Optimism
The board's approval of 96 million restricted shares for Musk at $23.34/share creates immediate value for the CEO while aligning with Tesla's strategic shift toward AI and robotics. This move directly counters the Delaware court's 2024 ruling that voided the 2018 $50 billion package for being unfair to shareholders. The special committee's filing emphasizes that the award will gradually increase Musk's voting power and incentivize his continued leadership during Tesla's transition from EV manufacturer to AI-focused entity. With Musk required to pay $23.34/share for the vested stock (matching the 2018 award's exercise price), the transaction creates a direct economic link between Tesla's stock price and Musk's financial commitment to the company.

EV Sector Mixed as GM Trails Tesla's Momentum
Capitalizing on Short-Term Volatility: ETFs and Options Playbook
• 200-day average: $321.59 (above) • RSI: 43.22 (oversold) • MACD: -1.39 (bearish) • Bollinger Bands: $291.295-$338.772 • Gamma: 0.0247 at $310 strike • Theta: -1.87 at $310 strike
The technical setup presents a volatile yet structured opportunity. Tesla's price is currently trading near the lower Bollinger Band ($291.295) while the RSI indicates oversold conditions. The 30-day moving average at $317.94 acts as a critical support level, with the 200-day average ($321.59) offering a potential resistance zone. Given the 5.36% surge in TSLG and the 19.24% price change ratio on the TSLA20250808C310 call, aggressive traders should focus on near-term options with high leverage ratios and gamma sensitivity.
• TSLA20250808C310 (Call, $310 strike, Aug 8 expiry): IV 44.66%, Leverage 51.07%, Delta 0.490, Theta -1.87, Gamma 0.0247, Turnover $23.22M
• TSLA20250808C320 (Call, $320 strike, Aug 8 expiry): IV 44.33%, Leverage 124.60%, Delta 0.262, Theta -1.19, Gamma 0.0203, Turnover $8.54M
The TSLA20250808C310 call stands out with a 51.07% leverage ratio and strong gamma (0.0247), making it ideal for a 5% upside scenario where Tesla hits $327. The payoff would be max(0, $327 - $310) = $17/share, generating a 34% return on the $5.08 premium. The TSLA20250808C320 offers explosive potential with a 124.60% leverage ratio, but its delta (0.262) suggests it's better suited for a breakout above $325. With theta decay at -1.19, this contract requires strong directional conviction. Aggressive bulls should consider TSLA20250808C310 as a core position, while the TSLG ETF provides amplified exposure to Tesla's near-term volatility.

Backtest Tesla Stock Performance
Following a 3% intraday increase, Tesla (TSLA) experienced significant performance gains, with a strategy that capitalized on this momentum yielding impressive results. The backtest reveals a 230.03% strategy return, surpassing the benchmark return of 80.08% by a substantial 149.96%. With a CAGR of 27.56% and a maximum drawdown of 0%, the strategy demonstrated robust growth and minimal risk, making it an effective approach to leveraging intraday price movements for long-term gains.

Act Now: Tesla's 200-Day Average Becomes Critical Crossroads
Tesla's 2.73% intraday surge presents a pivotal moment as the stock approaches its 200-day average of $321.59—a level that could either act as a catalyst or a ceiling. With the RSI at oversold levels and the 30-day moving average ($317.94) providing immediate support, traders must watch for a decisive break above $325 to validate the board's confidence in Musk's leadership. The TSLA20250808C310 call offers a high-leverage vehicle to capitalize on this potential breakout, while the TSLG ETF's 5.36% surge underscores the sector's appetite for risk. Investors should prioritize liquidity and theta management, with a clear stop-loss below $310 to protect against the short-term bearish trend. For now, watch the 200-day average and consider TSLA20250808C310 as a key directional bet.