---
type: "Topics"
locale: "en"
url: "https://longbridge.com/en/topics/100000000760496.md"
description: "$Tesla(TSLA.US) bulls’ arguments that Elon is holding back TSLA’s robotaxi scale-up so $SpaceX(SPCX.US) can buy $Tesla(TSLA.US) at a relatively cheap valuation seems absurd, given the massive dilution that would result from a stock-for-stock transaction of SPCX at 160x 2026 EV/EBITDA vs TSLA at 90x 2026 EV/EBITDA, let alone the governance issues associated with such a strategy.  We remain cautious on $Tesla(TSLA.US) due to declining earnings estimates, the coming commoditization of unsupervised autonomy, and a seemingly extended valuation."
datetime: "2026-06-25T10:15:53.000Z"
locales:
  - [en](https://longbridge.com/en/topics/100000000760496.md)
  - [zh-CN](https://longbridge.com/zh-CN/topics/100000000760496.md)
  - [zh-HK](https://longbridge.com/zh-HK/topics/100000000760496.md)
author: "[Gary Black Tracker](https://longbridge.com/en/profiles/17077344.md)"
generator: "portal-rs"
---

# $Tesla(TSLA.US) bulls’ arguments that Elon is hold…


### Related Stocks

- [TSLA.US](https://longbridge.com/en/quote/TSLA.US.md)
- [SPCX.US](https://longbridge.com/en/quote/SPCX.US.md)

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> **Disclaimer: This article is for reference only and does not constitute any investment advice.**