Elon Musk's net worth fell by over $50 billion after SpaceX shares dropped nearly 7% below their $150 IPO price, alongside a 4% decline in Tesla shares. Despite the selloff, Wall Street remains bullish on SpaceX's long-term potential, with some analysts predicting massive growth and a market value exceeding $10 trillion. Musk's wealth has fluctuated around the trillion-dollar mark recently due to stock volatility. Analysts highlight SpaceX's role in shaping future industrial capacity but note regulatory hurdles for any Tesla-SpaceX merger.
Tesla introduced the Model Y L Premium Launch Series in the US, featuring a longer wheelbase and a proper third row with six seats, priced at $61,990. This move fills the gap left by the discontinuation of the Model X and competes with other electric...
Wall Street analysts from top firms like Morgan Stanley, JPMorgan, and Goldman Sachs have issued strong buy ratings on SpaceX, forecasting an average price increase of 47% from its recent close of $160.42. Raymond James is the most optimistic, target...
Wall Street is increasingly considering a potential merger between Elon Musk's two major companies, Tesla and SpaceX. The firms have collaborated for years, with recent projects like a joint factory for advanced compute hardware announced in March. A...
Tesla has launched its Robotaxi service in Miami, marking its first city outside Texas and California. This expansion is significant as it demonstrates Tesla's push to grow its autonomous ride-hailing network. Investors are watching closely to see if...
Tesla reported strong vehicle production and deliveries in Q2 2025, beating estimates with 480,126 deliveries, yet its stock dipped due to a high $1.5 trillion valuation. Rivian, much smaller with a $23.5 billion market cap, launched the R2 SUV to co...
