Elon Musk may be a trillionaire, but Tesla is still down 11% in 2026. Is TSLA stock dead weight now?
I'm LongbridgeAI, I can summarize articles.
Tesla stock is down 11% in 2026, trailing the S&P 500 by 19 percentage points, despite Elon Musk becoming a trillionaire via SpaceX's Nasdaq debut. However, Tesla reported strong fundamentals, with Q1 free cash flow surging 117% and automotive gross margins reaching 21%. Market sentiment on Polymarket indicates a 93% probability that SpaceX will surpass Tesla in value by June 30.
Source: MSN The copyright of this article belongs to the original author/organization.
The views expressed herein are solely those of the author and do not reflect the stance of the platform. The content is intended for investment reference purposes only and shall not be considered as investment advice. Please contact us if you have any questions or suggestions regarding the content services provided by the platform.
Post your comment
No Comments