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Elon Musk May Be a Trillionaire, but Tesla Is Still Down 11% in 2026. Is TSLA Stock Dead Weight Now?
CEO Elon Musk made history earlier today by reportedly becoming the world’s first trillionaire, fueled largely by SpaceX’s blockbuster NASDAQ debut. Yet, Tesla stock is barely budging on the news, trading near $403 and up 1% in midday action on Friday.
Tesla stock climbed just above the flatline after dropping more than 2% immediately following SpaceX's opening trade. What's behind the move: Shares of the electric
Shares of electric vehicle pioneer Tesla (NASDAQ:TSLA) jumped 5.5% in the afternoon session after the company's unsupervised robotaxi service launched in Austin over the weekend, the most concrete step yet toward the autonomous revenue story the stock has been pricing in,
Tesla (NASDAQ:TSLA | TSLA Price Prediction) sits in an awkward place. Q1 2026 showed automotive gross margin rebounding to 21.1% from 16.2% a year earlier, FSD subscriptions hit 1.28 million (+51% YoY),
Oil prices moved higher following the comments. West Texas Intermediate crude futures rose more than 1% to trade around $89 per barrel. Despite the stock's decline, Piper Sandler reiterated its Overweight rating on Tesla and argued that the company has effectively achieved Level 4 autonomy in most driving conditions.
Analysts also flagged risks, including shareholder opposition and regulatory scrutiny from Tesla's China exposure.
Tesla, Inc. (NASDAQ: TSLA) is one of the best forever stocks to buy, according to analysts. On June 7, JPMorgan reiterated that Tesla (NASDAQ:TSLA)’s ambitions around autonomous vehicles, humanoid robotics, and energy storage are underappreciated. Consequently, the investment bank upgraded the stock to Neutral from Underweight.
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TSLA stock sinks as SpaceX IPO nears — analyst says investors are selling Tesla to catch a day-1 pop in next Musk trade
Black expects a strong debut, saying Goldman Sachs and Morgan Stanley could "engineer a Day 1 pop" for SpaceX investors.
Our multifactor analysis indicates that it might be the right moment to divest from TSLA stock. We hold a negative stance on the stock, and a pullback toward $274 appears plausible. Tesla co-founder and CEO Elon Musk gestures while introducing the newly ...
SpaceX's Starlink and launch businesses contrast with Tesla's AI-driven future bets. Tesla TSLA shares fell on Friday as SpaceX made its stock market debut at $150 per share, fueling speculation among some investors that capital may be rotating from Tesla into SpaceX.
Tesla (TSLA) stock climbed 1% after Dutch FSD safety data revealed 3.5x fewer crashes, boosting hopes for European rollout amid analyst upgrades.
Cathie Wood experienced an unsupervised Tesla Robotaxi ride in Austin on Monday and immediately added a new cost line item to ARK Invest’s valuation model after the vehicle received a $75 parking ticket.
