Tesla Stock Is Turning Into a SpaceX Trade as Musk’s IPO Bet Grips Wall Street
Tesla shares climbed 2.38% to $427.79 Friday amid disclosures of $650 million in transactions last year among Musk’s companies, including SpaceX, xAI, and Tesla. The company also recalled 14,575 Model Y SUVs in the U.S. over missing weight labels, according to federal regulators. Wall Street indexes rose ahead of the Memorial Day holiday.