What To Do After Tesla and SpaceX Shares Sank
Baystreet·- Tesla shares hit a yearly low after quarterly results showed reliance on price cuts despite rising sales, signaling weakening interest in its core EV business. - CEO's announcement of Cybercab production starting in Q2 contrasts with market confidence in competitors like Waymo, which utilizes advanced sensor technology for self-driving. - Both Tesla and SpaceX are vulnerable to potential declines in the AI sector, which could lead to further selling pressure on their stocks.