---
title: "Elon Musk may be a trillionaire, but Tesla is still down 11% in 2026. Is TSLA stock dead weight now?"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/289668674.md"
description: "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."
datetime: "2026-06-13T14:39:38.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/289668674.md)
  - [en](https://longbridge.com/en/news/289668674.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/289668674.md)
---

# Elon Musk may be a trillionaire, but Tesla is still down 11% in 2026. Is TSLA stock dead weight now?

Quick ReadTesla (TSLA) is down 11% in 2026 despite Musk becoming the world's first trillionaire on SpaceX's 23% Nasdaq debut pop.TSLA trails SPY by 19 percentage points in 2026, yet Tesla's Q1 free cash flow surged 117% and automotive gross margin hit 21%.Polymarket assigns 93% odds SpaceX surpasses Tesla in value by June 30, with only a 5% chance ...

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