The brokerage added that launches of robotaxis and humanoid robots may initially become “loss centers.”
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Stay focused on more important catalysts for either stock.
SpaceX isn't likely to generate the mammoth returns that Tesla has since going public.
The rumor that Elon Musk may merge SpaceX and Tesla will only further disconnect the carmaker's valuation from its performance, Jefferies says. Cathie Wood bought almost 55,000 shares of Tesla on Friday.
The market’s attention has been fixed on SpaceX‘s (NASDAQ:SPCX) historic public debut and the company’s rapid climb toward a valuation exceeding $2 trillion. Yet the bigger story may not be the IPO itself. It may be what Elon Musk does next. Over the past several years, Musk has increasingly consolidated businesses that share technology, talent, ... Did Elon Musk Just Hint a SpaceX-Tesla Merger Is Imminent?
He estimated that if SpaceX grows from $1 trillion to $2 trillion, the stock-based deal becomes far cheaper in hindsight.
SpaceX just had its IPO, with Anthropic and OpenAI both set to launch initial public offerings soon — their collective financial weight threatens to burst the AI bubble
Does consolidating this much control clear the path to the biggest merger in history?
Elon Musk’s next move could be a SpaceX-Tesla merger big enough to challenge Nvidia Corp. for the title of most valuable company on Earth. Just three sessions into its IPO, SpaceX has already surged nearly 50% to roughly $2.6 trillion, leaving Tesla Inc. and its $1.5 trillion behind. The wider that gap runs, the cheaper Tesla gets to absorb, and the more control Musk keeps over whatever emerges. The Math On A $5 Trillion Giant The case for a merger, laid out this week by Bloomberg columnist Liam
But a giant leap for Tesla shareholders could be a rotten move for SpaceX investors.
One Musk-led mega company isn't an absurd idea.
As SpaceX and Deep Fission go public and Anthropic and OpenAI look to follow, learn these rules for how to invest in IPO stocks.
Wolfe expects Tesla to deliver 420,000 vehicles in Q2, above the 400,000-unit consensus.
The market has spent years viewing SpaceX (NASDAQ:SPCX) primarily as a rocket company, but that narrative no longer fits. The company’s historic IPO, which raised $85.7 billion after underwriters exercised the so-called “greenshoe” overallotment — with the stock currently valued at more than $2.7 trillion — revealed a business pursuing ambitions that stretch far beyond ... SpaceX Launches Start of Acquisition Spree with Cursor After Historic IPO
The company's valuation prices in lofty growth expectations.
Shares of Elon Musk's SpaceX rose more than 10% in premarket trading on Tuesday, putting the company on course to overtake Amazon.com in market value to become the world's fifth‑largest company, as it extended a post-IPO rally. The stock, which surged more than 19% on Monday, was last up 10.1% at $211.8, giving the company a market capitalization of nearly $2.8 trillion if gains hold. Amazon was last valued at $2.66 trillion.
What such a deal would actually hand the automaker's shareholders is less clear-cut than the headline odds suggest.
Gerber also said Tesla does not own the "brains" behind its self-driving and robotics ambitions.
SpaceX just completed the largest IPO ever.

Two SpaceX (SPCX) retail investors who bought shares at the initial public offering (IPO), Tamar June and Shane Williams, join Yahoo Finance to explain the process, what drew them to the company, and their future plans with the stock.
The long-awaited public debut of SpaceX has become one of the most significant events in modern market history.
SpaceX's $150 debut valued the company near $2 trillion, pushing Musk's fortune to almost $1.05 trillion.
SpaceX stock (SPCX) continues rising in Monday's pre-market trading (maintaining gains at the session open at the time of this video's posting) ahead of the space company's first full day of trading since its historic IPO last Friday. Morning Brief Host Julie Hyman and Barron's Investor Circle Newsletter editor Josh Schafer examine SpaceX's performance thus far and what it may signal about the success of the company in its future lifetime.
Tesla bull Brad Ferguson’s valuation includes $957 from Robotaxi and $2,647 from Optimus.
The Ark Venture Fund was an early investor in the space giant.
Tesla Inc. CEO Elon Musk is on the verge of becoming the world’s first trillionaire as his space venture SpaceX’s blockbuster initial public offering pushed his estimated fortune to within $29 billion of the historic milestone. SpaceX IPO Drives Musk’s...