Elon Musk bets Tesla rally has legs with $24.9-million stock purchase

Tesla rallied after Musk, 46, struck a confident tone with investors during the electric car maker’s annual meeting last week. He said the company was “quite likely” to build 5,000 Model 3 sedans a week by the end of this month and reaffirmed forecasts that Tesla would generate profit and cash in the third and fourth quarters.