SpaceX will instantly become one of the most valuable public entities on Friday when its stock begins trading. The company on Thursday said it had raised $75 billion at a market valuation of more than $1.

Tesla (NASDAQ:TSLA | TSLA Price Prediction) sits in an awkward place. Q1 2026 showed automotive gross margin rebounding to 21.1% from 16.2% a year earlier, FSD subscriptions hit 1.28 million (+51% YoY),

Oil prices moved higher following the comments. West Texas Intermediate crude futures rose more than 1% to trade around $89 per barrel. Despite the stock's decline, Piper Sandler reiterated its Overweight rating on Tesla and argued that the company has effectively achieved Level 4 autonomy in most driving conditions.

Index fund buying could one day become a powerful force behind the rocket maker's stock. But some of the index's oldest rules stand in the way.

He also said the market is still not fully accounting for Tesla's potential in self-driving ride services, among other things.

Tesla shares have historically been an unstoppable force, but it's now time for investors to assess the company's valuation.

Black expects a strong debut, saying Goldman Sachs and Morgan Stanley could "engineer a Day 1 pop" for SpaceX investors.

For any holder of Tesla (TSLA) stock, the long-term vision is captivating: a future of AI, robotics, and autonomous fleets. Management is backing this with a planned capital expenditure of over $25 billion for 2026.

Tesla stock has moved more than 3%, up or down, for three consecutive days.