Tesla (TSLA) stock is in focus on Monday after famed investor Anthony Pompliano publicly urged billionaire Elon Musk to merge the EV maker with SpaceX. And while the idea of a multi-trillion-dollar AI and aerospace empire sounds like the ultimate sci-fi bull case, such a merger carries massive structural, operational, and financial risks.
To say that considerable hoopla surrounded the SpaceX IPO last Friday is a major understatement. The newly public rockets and satellites company reportedly minted hundreds of millionaires among its staffers while vaulting CEO Elon Musk into the $1 trillion personal wealth club where he resides alone.
Tesla (TSLA) has been one of the stocks most watched by Zacks.com users lately. So, it is worth exploring what lies ahead for the stock.
Regulators in Sweden and the Netherlands say Tesla (NASDAQ: TSLA | TSLA Price Prediction) has provided them with “misleading data,” according to Reuters.
Oil prices are down and stock prices are up after President Trump announced an outline of a deal to end the Iran war.
SpaceX SPCX has hit the market, but the buzz around it continues to remain with another question that is increasingly capturing Wall Street's attention: could Elon Musk eventually merge his rocket company with Tesla? The idea, once considered far-fetched, has gained traction among analysts, investors and even employees close to Musk's businesses.
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All eyes might be on the SpaceX IPO — the world's largest in history — and its CEO Elon Musk. But lest you forget there is another publicly traded company in the Musk universe that many believe will someday merge with SpaceX.
Tesla (NASDAQ:TSLA | TSLA Price Prediction) CEO Elon Musk made history earlier today by reportedly becoming the world's first trillionaire, fueled largely by SpaceX's blockbuster NASDAQ debut.
Tesla (NASDAQ: TSLA | TSLA Price Prediction) and BYD (OTC: BYDDF) sit on opposite sides of the global EV map.
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 stock was down by about 2.36% in late morning trading, after spending much of the morning swinging between mild gains and losses.
When SpaceX goes public with a valuation of $1.75 trillion, it will be worth slightly more than Tesla (NASDAQ: TSLA | TSLA Price Prediction), which has a market cap of $1.5 billion.