Tesla Motors Inc (TSLA) shares surged on Monday after CEO Elon Musk announced a $1.5 billion investment in the company’s stock. The move sent the stock up more than 7%, and triggered a rally in the stock market, with the Dow Jones Industrial Average rising nearly 200 points.

The move comes as Tesla reports its first quarterly profit in two years, and Musk’s bullishness on the company’s future prospects is seen as a sign that the company is in a strong position.

Musk said that the investment was a “show of confidence” in the company’s long-term prospects and that he believes the company will continue to grow. He also noted that the company is “well-positioned to capitalize on the growing demand for electric vehicles.”

The move is also seen as a sign of confidence in the stock market, as investors are increasingly looking to the tech sector as a source of growth. The Dow Jones Industrial Average is up more than 7% this year, and the S&P 500 is up more than 6%.

Tesla’s stock is up more than 75% this year, and the company’s market cap is now over $75 billion. The company has also announced a $5 billion buyback program, which is seen as a sign that the company is optimistic about its future prospects.

The move is a welcome sign for investors, as the stock market continues to show signs of strength. The Dow Jones Industrial Average is now up more than 14% since the start of the year, and the S&P 500 is up more than 12%.

Tesla’s bullish outlook and strong performance have been a bright spot in an otherwise uncertain market environment. The company’s success is seen as a sign that the stock market is still a viable investment option, and that the bulls are still in control.