Asset icon - trade crypto, stocks, and gold on Pluang
Trade on Pluang
One platform for all markets
Download
Investment
Features
FeesSafety
Academy
More
Pluang+

Elon Musk nears 20% Tesla stake amid SpaceX's $2.4T IPO, fueling merger speculation.

Market News
22 Jun 2026
24/7 Wall Street
View Source
Bullish
pluang ai news

Elon Musk has increased his voting stake in Tesla to nearly 20% by exercising stock options, moving closer to a level that would give him significant control over the company. This comes shortly after SpaceX's historic IPO, which valued the company at about $2.44 trillion. The growing overlap in technology and resources between Tesla and SpaceX, such as AI, manufacturing, and energy, has sparked speculation about a potential merger. While no merger has been announced, Musk's consolidation strategy and increased control suggest he may be building an integrated tech empire rather than separate companies, which could reshape the market landscape.

More News (TSLA)

Tesla in autopilot crashes into Texas home, killing a woman inside.

Tesla in autopilot crashes into Texas home, killing a woman inside.

A Tesla Model 3 operating in automated driver-assistance mode crashed into a house in Katy, Texas, killing a 76-year-old woman inside. The driver, Michael Butler, lost control and struck the residence at high speed. Authorities found no signs of into...

Market News
Bearish
22 hours ago
Consumer services sector undervalued with high quality; FDIS ETF offers better value but high concentration risk.

Consumer services sector undervalued with high quality; FDIS ETF offers better value but high concentration risk.

The consumer services sector is currently undervalued compared to historical averages and scores highest in quality within its sector. The FDIS ETF provides broader exposure and better value than the XLY ETF, with slightly better long-term returns, t...

Market News
Neutral
1 day ago
Invesco QQQ Trust offers broad AI-driven tech exposure with strong 2026 growth and easy single-ticker access.

Invesco QQQ Trust offers broad AI-driven tech exposure with strong 2026 growth and easy single-ticker access.

The Invesco QQQ Trust provides investors a single ticker to access the top 100 largest non-financial Nasdaq companies, heavily weighted in AI and tech leaders like NVIDIA, Microsoft, and Apple. It has delivered strong returns, up over 20% year-to-dat...

Market News
Bullish
1 day ago
EV-driven tech stack fuels a multi-year supercycle in solar, batteries, and power electronics.

EV-driven tech stack fuels a multi-year supercycle in solar, batteries, and power electronics.

Energy investor Andy Lubershein outlines a long-term "electro-industrial tech stack" supercycle driven by electric vehicles (EVs), solar photovoltaics, lithium-ion batteries, and power electronics. EVs act as the keystone species, scaling manufacturi...

Market News
Neutral
2 days ago
New ETF offers double inverse daily exposure to Tesla's stock performance.

New ETF offers double inverse daily exposure to Tesla's stock performance.

The Investment Managers Series Trust II has launched the Tradr 2X Short TSLA Daily ETF (TSLQ), which provides leveraged inverse exposure to Tesla, Inc.'s daily stock performance. This ETF aims to deliver -200% of Tesla's daily returns using derivativ...

Market News
Bearish
2 days ago
banner-footerbanner-footer

Invest & Trade with
#1 Award-Winning Investment Super App