#Lakers and #KobeBryant fan 4 life, #ElonQ, boycott X, pro EV’s, fight #ClimateChange, dog owner, #MEGA = Make Elon Go Away.
Black, the managing partner of The Future Fund, said both companies trade at forward fiscal 2026 price-to-earnings multiples of more than 175 times. Shares of Tesla have tumbled 29.82% so far this year and lost 5.57% over the past year, while SpaceX slumped 27.67% since its historic IPO in June.
Gary Black Warns Tesla Stock Could Break Below $300, SpaceX Below $100 As AI Valuations Come Under PressuGary Black sees Tesla below $300 and SpaceX under $100, calling both stocks excessively valued as AI valuations unwind.www.benzinga.comBlack said the only investors surprised by the recent declines in Tesla and SpaceX shares are those who “don’t do valuation math,” adding that Tesla cannot trade at 180x to 210x forward earnings while forward earnings estimates and growth rates continue to move lower.
Gary Black Says Only People 'Shocked' by Tesla, SpaceX Stock Prices Are Those That Didn't Do the Math asGary Black says Tesla, SpaceX investors ignore weakening valuations as Ross Gerber says SpaceX could become a bargain.www.benzinga.comSpaceX has now erased more than $1.2 trillion in market cap since its high price of $225.64 in June – almost exactly the value of Elon Musk’s other company, Tesla, whose shares just fell to near one-year lows. On Monday, SpaceX shedding more than 1% to end at $113.50.
SpaceX has now lost the equivalent of a full Tesla in market capitalizationElon Musk's space company has wiped off more than $1.2 trillion in market cap since hitting a high of $225.64 per share in June.www.cnbc.com"People who are complaining that he spends the first half of the movie murdering white people not migrants fail to understand… Always hang a traitor before you shoot an enemy," read one message reposted by Musk.
Musk takes 'crusade' to Europe with Armie Hammer filmMusk has backed a film called Citizen Vigilante featuring an American vigilante tearing across an unnamed European country.www.bbc.comAfter cleaning up the data of redundancies and determining severity of crashes, the IIHS said that Waymo resulted in 68% fewer crashes severe enough that the average person would report them to the police, over a sample of 50 million miles driven autonomously by Waymos during the study period. /1
Waymo crashes 1/3 as much as a human driver, says IIHS - with some caveatsAn independent study finds Waymo robotaxis crash less than humans - but there are some important caveats. Tesla wasn't examined.electrek.coAlemzewd Lawgalet, 59, was critically injured after crashing a Tesla Model Y during a test drive. Lawgalet alleges the Tesla salesman set the vehicle's acceleration to “Insane” mode without her knowledge and failed to inform her about the car's unique electric operation or regenerative braking. /1
Tesla lawsuit says car set to ‘Insane’ acceleration for test drivewww.the-independent.comFree cash flow flipped to -$1.09 billion as CapEx surged 142%, while prediction markets give only 24% odds on Optimus shipping this year. Valuation makes the miss unforgivable. TSLA trades at a trailing P/E near 316x with a forward multiple of 167x against a return on equity of 4.89%.
Buy Tesla After 15% Correction? Only If You Like Burning Your MoneyTesla just shed 18% in a week after a earnings report that broke nearly every metric bulls were counting on, and now the question is whether the dip is a rare opportunity or a value trap disguised as ...finance.yahoo.comSix weeks ago, Elon Musk was the richest person who had ever lived. By the close on July 23, the Bloomberg Billionaires Index pegged him at roughly $738 billion. Somewhere between $650 billion and $700 billion of paper fortune has vaporized in about five weeks. /1
Elon Musk Has Lost $650 Billion In 5 Weeks As Tesla And SpaceX PlummetSix weeks ago Elon Musk held more paper wealth than any person in recorded history. Then two stocks started moving in the same direction at the same time, and the number on his balance sheet began doi...247wallst.com
