Tesla (TSLA) Shares Fall as SpaceX (SPCX) Valuation Surpasses EV Maker

Tesla (TSLA) shares fell 1.6% to $404.66 on June 16, 2026, as Elon Musk's SpaceX (SPCX) surged nearly 5% to $201.80, with its valuation now surpassing the electric vehicle maker. SpaceX's market capitalization reached approximately $2.6 trillion, exceeding Tesla's fully diluted valuation of nearly $1.8 trillion. SpaceX's stock has climbed nearly 50% since its IPO price of $135 per share. Tesla's second-quarter 2026 delivery figures, expected in the coming weeks, are a near-term focus, with Goldman Sachs projecting 420,000 units, exceeding the FactSet consensus of 409,000. This compares to 384,000 deliveries in Q2 2025. However, long-term investor attention remains fixed on Tesla's AI advancements. The company's Robotaxi service, launched a year ago in Austin, has expanded to four cities, and the third-generation Optimus humanoid robot is anticipated this summer. Progress in AI is deemed critical for Tesla to bridge the valuation gap with SpaceX.