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Tesla stock lags in 2026 despite Elon Musk becoming the world's first trillionaire after SpaceX IPO.

Market News
12 Jun 2026
24/7 Wall Street
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Neutral
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Elon Musk became the world's first trillionaire following SpaceX's successful IPO, yet Tesla's stock has underperformed in 2026, down 11% while the broader market rose. Tesla's high valuation and mixed business signals, including declining energy revenue and inventory buildup, fuel investor skepticism. However, Tesla's core automotive business and software subscriptions continue to grow, supported by strong cash flow and positive analyst ratings. The upcoming Q2 2026 delivery numbers will be crucial in determining if Tesla stock rebounds or continues lagging behind the market.

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