Tesla Posts Worst Weekly Drop Since 2022 as SpaceX Shares Slide Ahead of Starship Test



Tesla and SpaceX had a difficult week, with investor sentiment weakening amid earnings concerns and heavy spending on future projects.

Key points:
• Tesla shares fell 18% this week, marking their worst weekly decline since 2022.
• SpaceX shares dropped 7.2%, ahead of its Starship V3 test flight, reaching their lowest level since its IPO.
• Elon Musk's net worth declined by approximately $130 billion as both stocks sold off.
• Tesla is now down 30% year-to-date after weaker than expected earnings and negative free cash flow driven by investments in robotaxis, humanoid robots, and AI infrastructure.
• SpaceX delayed its Starship V3 launch due to weather, with the mission remaining critical to the company's Starlink expansion and long term Mars ambitions.
Markets remain focused on whether massive AI and next generation technology investments can deliver returns that justify rising capital expenditure, making upcoming execution milestones increasingly important for both companies.
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SPCX-1.96%
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