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Tesla Stock Wobbles As Elon Musk Lines Up The SpaceX IPO

Benzinga·
Tesla Stock Wobbles As Elon Musk Lines Up The SpaceX IPO

Tesla shares declined 3.71% as SpaceX prepares for its Nasdaq debut on Friday with a $1.75 trillion valuation. While the SpaceX IPO could boost investor confidence in Musk's ecosystem and reduce Tesla share-selling pressure, it also poses risks through potential capital rotation from growth funds facing Musk exposure caps. Institutional reallocation effects are expected to play out over the following 90 days.

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