- Tesla is currently trading around $393, down ~21% from its 52-week high of $498.83, which was reached on December 22, 2025.
- SpaceX has seen a decline of roughly 30% from its post-listing intraday high of $225.64 on June 16, 2026, to around $157-158 currently.
- Elon Musk's net worth has fallen from a peak of $1.45 trillion shortly after the SpaceX IPO to below $1 trillion, meaning he is no longer the world's only trillionaire.
- Despite Tesla posting its strongest Q2 deliveries recently, the stock still fell about 8%, indicating that the decline is not solely about car sales.
- SpaceX has faced pressure after an initial post-listing rally, with concerns over AI profitability timelines and profit booking contributing to the stock's decline.
- Viram Shah, CEO and Founder of Vested Finance, noted that the correction reflects a broader reassessment of how investors value AI- and space-related businesses.
Tesla and SpaceX have seen significant stock declines, with Tesla down 21% from its 52-week high of $498.83 and SpaceX falling 30% from its IPO peak of $225.64.1245
Elon Musk's net worth has dropped from $1.45 trillion to below $1 trillion, losing his title as the world's only trillionaire.3
Market analysts attribute these declines to a combination of profit-taking by investors and a broader reassessment of valuations in the AI and space sectors.
Viram Shah, CEO of Vested Finance, noted that while Tesla reported strong quarterly deliveries, the stock still fell, indicating a focus on long-term ambitions rather than immediate performance.6
Shah emphasized that investors should consider their long-term investment goals rather than react to short-term market fluctuations.
SpaceX's stock has also faced pressure despite its profitable Starlink service and record launch business, reflecting similar investor concerns.
Shah cautioned investors, particularly those from India, against chasing high-valuation US companies without understanding the associated risks.
He advised maintaining small positions to manage volatility effectively.
Overall, the recent market shifts highlight a critical moment for investors in AI and space-related businesses.
“Tesla fell roughly 21% from its record, as strong quarterly deliveries failed to ease investor focus on autonomy and robotaxi timelines. SpaceX declined about 30% from its IPO peak, driven by profit booking, short-selling, and broader uncertainty over AI and space company valuations.”
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