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Elon Musk Lost His Trillionaire Status as SpaceX Shares Dropped 26%. Are Tesla and SpaceX Stock Still a Buy?
The Motley Fool·
SpaceX stock has dropped 26% from its post-IPO highs, causing Elon Musk to lose his trillionaire status. His net worth is now approximately $987 billion. Both Tesla and SpaceX are trading at expensive valuations with concerning fundamentals—Tesla at 368x trailing earnings with shrinking profits, and SpaceX at 110x sales with significant net losses. The article suggests neither stock appears to be a bargain at current prices.
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