Tesla Loses Investor Appeal as Musk Shifts Focus to SpaceX

By June 12, Tesla shares have fallen 11% year-to-date while the S&P 500 gained 8%, as investor attention moves to Elon Musk’s other ventures. The shift follows initial June 10 reports on Tesla’s 82% dominance in energy storage and doubled revenue, then June 11 coverage of its near-$1.5 trillion valuation despite selling fewer vehicles than Ford. Latest articles highlight intensifying EV competition, uncertain robotaxi and Optimus bets, and a potential $1.75 trillion SpaceX IPO that could eclipse Tesla’s market cap.