Tesla Shares Under Pressure After SpaceX IPO

MT Newswires Live
1 hour ago

For 15 years Tesla Motors was investors' sole public vehicle for exposure to Elon Musk; since SpaceX began trading in June, Tesla shares have come under pressure. In the three months after SpaceX's IPO, Tesla is down 8.9% while the S&P 500 is up 2.7%; SpaceX is up 9.8% from its $135 June 11 issue price.

Tesla's weakness follows recent earnings and product releases that failed to convince markets its pivot to physical AI products will succeed; investors now view SpaceX as a purer growth story and Tesla as a higher-risk transformation bet.

Roundhill Financial CEO Dave Mazza said SpaceX must now demonstrate a $100 billion annualized revenue run-rate, and Tesla must prove it is more than a pre-IPO 'Musk concept' stock.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Most Discussed

  1. 1
     
     
     
     
  2. 2
     
     
     
     
  3. 3
     
     
     
     
  4. 4
     
     
     
     
  5. 5
     
     
     
     
  6. 6
     
     
     
     
  7. 7
     
     
     
     
  8. 8
     
     
     
     
  9. 9
     
     
     
     
  10. 10