TSLA
TSLA Stock Climbs Premarket: Elon Musk Revives Tesla's IPO-Era Bull Case To Defend SpaceX's $1.8 Trillion Valuation
Article Summary
HOLD- Tesla Inc. (NASDAQ: TSLA) rose 0.3% in premarket trading Tuesday after CEO Elon Musk defended SpaceX's $1.3 trillion valuation, citing the automaker's IPO-era growth from 0.1% IPO market cap to $415.88 per share and Tesla's $450 billion implied valuation if a merger-of-equals scenario played out.
- Musk reposted a photo of himself standing outside the Nasdaq exchange on Tesla's IPO day in 2010 alongside the image of Tesla's current market cap, highlighting growth from its public debut to over $1 trillion.
- The comments come a day after Tesla stock fell 5% after SpaceX disclosed it may issue significant equity in future transactions, prompting speculation that SpaceX could eventually use stock for acquisitions, investments or other strategic transactions after going public.
- Morningstar highlighted Starlink as SpaceX's primary growth engine, citing 50% revenue growth to $11.3 billion in 2025 and operating income growth of 58% to more than $4.
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Growth Stock Scoring Breakdown
| METRIC | VALUE | WEIGHT | ANALYSIS |
|---|---|---|---|
| Sales Growth TTM ? | 2.3% | 25% | 20.0 ptsMinimal (2.3%) - Very weak |
| EPS Growth Next 5Y ? | 24.6% | 25% | 70.0 ptsGood (24.6%) - Solid outlook |
| Target Price Upside ? | 5.2% | 20% | 10.0 ptsNear/At Target (5.2%) - Target: $395.21 vs Current: $416.88 |
| Gross Margin % ? | 19.1% | 15% | 20.0 ptsThin (19.1%) - Low-margin business |
| Drawdown from 52-Wk High ? | -16.4% | 15% | 40.0 ptsMild Pullback (-16.4%) - Light entry opportunity |
Disclaimer: This rating is for informational purposes only and is not financial advice.
All data sourced from Finviz.
Always conduct your own research and consult with a financial advisor before making investment decisions.
Past performance does not guarantee future results.
About TSLA
- Tesla, Inc. designs, develops, manufactures, leases, and sells electric vehicles, and energy generation and storage systems in the United States, China, and internationally.
- The company operates in two segments, Automotive; and Energy Generation and Storage.
- The company offers electric vehicles, as well as sells automotive regulatory credits; and non-warranty maintenance services and collision, automotive insurance services, as well as part sales and retail merchandise sale.
- It also provides sedans and sport utility vehicles through direct and used vehicle sales, a network of Tesla Superchargers, and in-app upgrades; purchase financing and leasing services; services for electric vehicles through its company-owned service locations and Tesla mobile service technicians; and vehicle limited warranties and extended service plans.
- In addition, the company engages in the design, manufacture, installation, sale, and leasing of solar energy generation and energy storage products, and related services to residential, commercial, and industrial customers and utilities through its website, stores, and galleries, as well as through a network of channel partners.
- Further, it provides services and repairs to its energy product customers, including under warranty and extended service plans; and various financing options to its residential customers; lithium-ion battery energy storage products, such as Powerwall and Megapack; energy generation products, including solar panels and solar roof; self-driving development and artificial intelligence software, vehicle control and infotainment software, and battery and powertrain.
- The company was formerly known as Tesla Motors, Inc. and changed its name to Tesla, Inc. in February 2017.
- Tesla, Inc. was incorporated in 2003 and is headquartered in Austin, Texas.