‘SpaceX is his new baby at the expense of Tesla’: Elon Musk’s IPO could be bad news for his EV maker, investors warns
Elon Musk's upcoming SpaceX IPO may negatively impact Tesla as investors express concerns about Musk's divided attention. Analysts believe that Musk's focus will shift towards SpaceX, which could undermine Tesla's performance and stock value. Despite Tesla's recent sales improvements, the company faces challenges, including a revenue decline and production outpacing sales.
- ▪Musk's focus on SpaceX is raising concerns for Tesla investors.
- ▪Tesla has experienced its first full-year revenue decline in history last year.
- ▪SpaceX's IPO could attract retail investors from Tesla's loyal customer base.
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Elon Musk’s “Muskonomy” is growing, but it may spell trouble for Tesla.Recommended Video SpaceX’s pending IPO reportedly scheduled for June will double Musk’s publicly traded companies, joining Tesla as a target for investors betting on the CEO’s moonshot goals around automation and space exploration. But rather than seeing twice the opportunity to cash in on a Musk-led enterprise, investors and analysts instead see red flags for Tesla stock. “This cannot be a positive for Tesla,” Joe Gilbert, portfolio manager at Integrity Asset Management, told Bloomberg. “We believe that Musk’s focus will predominantly be lasered on SpaceX.
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