SpaceX and Tesla Stock Plunges Have Wiped About $450 Billion in Value Since the Midterms. Is It Time to Buy?

Impact · against what's priced in

The market is pricing in increased political risk for Musk-led ventures, which adds a new layer of volatility to Tesla and SpaceX. While the price of SpaceX already discounted extreme capital scaling, the reports of lead managers selling off pieces of the $40 billion chip deal suggest a lack of confidence in the capital efficiency required to validate the bull case.

SPCX−0.60

Challenges what's priced in

The price assumes