Tesla's stock erases loss for the year, soaring 85% from April low

1. Tesla shares rose 3.6% to $410.26 amid market rally. 2. Elon Musk bought $1 billion in TSLA shares through his foundation. 3. Analysts praised Musk's proposed pay plan, possibly a $1 trillion windfall. 4. Tesla is facing a sales slump due to competition from BYD. 5. The company aims to shift focus to innovations like robotaxis and humanoid robots.