Tesla's Stock Price Drops 8.9% After SpaceX Goes Public

Tesla's stock price has fallen 8.9% since SpaceX began trading in June, while the S&P 500 index has risen 2.7%. After SpaceX's initial public offering (IPO), its stock price increased by 9.8% from the issue price of $135. Tesla's weak performance is related to its recent earnings report and poor product launches, failing to demonstrate a successful transition to physical AI products. Analysts say investors view SpaceX as a purer growth story, while Tesla is seen as a higher-risk transformation bet. SpaceX needs to prove that its annualized revenue scale of $100 billion can be achieved, while Tesla must demonstrate that its value exceeds investors' expectations prior to SpaceX's IPO.

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