{"id":5157,"date":"2026-06-16T15:16:05","date_gmt":"2026-06-16T15:16:05","guid":{"rendered":"https:\/\/tradertideinsights.com\/?p=5157"},"modified":"2026-06-16T15:16:05","modified_gmt":"2026-06-16T15:16:05","slug":"tesla-stock-slips-2-as-spacex-continues-to-climb-whats-hurting-the-ev-giant","status":"publish","type":"post","link":"https:\/\/tradertideinsights.com\/?p=5157","title":{"rendered":"Tesla stock slips 2% as SpaceX continues to climb: what’s hurting the EV giant"},"content":{"rendered":"
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Tesla stock (TSLA) moved lower on Tuesday even as analysts grew more optimistic about the company’s near-term vehicle deliveries.<\/p>\n

Shares of the electric vehicle maker fell about 2% in early trading to $402.39, while the broader market was rallying, with the S&P 500 higher by roughly 1.6%<\/a>.<\/p>\n

The decline came as SpaceX, Elon Musk’s rocket and artificial intelligence company, continued its post-IPO surge. <\/p>\n

SpaceX shares rose about 8% to $208.39<\/a>, giving the company a market value of approximately $2.8 trillion.<\/p>\n

By comparison, Tesla’s market capitalization stood near $1.3 trillion.<\/p>\n

Goldman Sachs raises delivery forecast<\/h2>\n

Despite the stock’s decline, Goldman Sachs expressed increased confidence in Tesla’s second-quarter vehicle deliveries.<\/p>\n

The bank reiterated its Neutral rating and maintained a $375 price target while raising its second-quarter 2026 delivery forecast to 420,000 vehicles from 405,000 previously.<\/p>\n

That forecast now sits above the Visible Alpha consensus estimate of 400,000 vehicles.<\/p>\n

Goldman Sachs analyst Mark Delaney said monthly and weekly sales data across key regions, including the United States, Europe, and China, suggest Tesla’s second-quarter deliveries are tracking ahead of market expectations.<\/p>\n

“We believe that Tesla\u2019s 2Q26 vehicle deliveries are likely tracking ahead of consensus,” Delaney wrote.<\/p>\n

According to Goldman Sachs, Europe has been one of Tesla’s strongest-performing regions during the quarter.<\/p>\n

The firm said European registration data through May showed year-over-year growth of roughly 85% to 90%, while countries reporting June daily data indicated a strong start to the month, with deliveries rising about 20%.<\/p>\n

Goldman Sachs noted that part of the increase reflects favorable comparisons against weak results in the prior year period. <\/p>\n

Tesla’s European deliveries declined 29% year over year during the second quarter of 2025, creating a relatively low comparison base.<\/p>\n

Elsewhere, the bank said Chinese sales data from the China Passenger Car Association points to high single-digit year-over-year growth through May.<\/p>\n

Other Asia-Pacific markets have also reported encouraging results. South Korea and Australia have both delivered strong sales performance on both a year-over-year and quarter-over-quarter basis through May.<\/p>\n

In the United States, however, deliveries remain weaker. According to Motor Intelligence data cited by Goldman Sachs, US deliveries through May were tracking down by the mid-teens percentage range compared with a year earlier.<\/p>\n

Growth remains a key question<\/h2>\n

Improving delivery trends would be welcome news for Tesla after two consecutive years of declining electric vehicle sales.<\/p>\n

Wall Street currently expects Tesla to deliver approximately 1.7 million vehicles in 2026, up from roughly 1.6 million in 2025.<\/p>\n

However, analysts caution that growth is far from guaranteed.<\/p>\n

Tesla faces difficult comparisons later in the year after delivering a record 497,000 vehicles during the third quarter of last year. <\/p>\n

Those results were boosted by consumers rushing to purchase vehicles before the expiration of the federal $7,500 electric vehicle tax credit.<\/p>\n

The removal of that incentive has weighed on broader industry demand, although Tesla’s sales have generally held up better than many competitors.<\/p>\n

Investors remain focused on AI<\/h2>\n

While vehicle deliveries remain important, many investors are increasingly valuing Tesla based on its artificial intelligence ambitions rather than its automotive business alone.<\/p>\n

Tesla launched its AI-trained robotaxi service in Austin, Texas, about a year ago and has since expanded operations into a few more cities.<\/p>\n

Investors continue to watch closely for signs of broader robotaxi deployment<\/a>, believing that a larger autonomous-driving network could unlock a significant new revenue stream for the company.<\/p>\n

Another closely watched catalyst is Optimus, Tesla’s humanoid robot program.<\/p>\n

Investors are anticipating the unveiling of the third-generation Optimus robot, which could arrive later this summer.<\/p>\n

The post Tesla stock slips 2% as SpaceX continues to climb: what's hurting the EV giant<\/a> appeared first on Invezz<\/a><\/p>\n

<\/p>\n","protected":false},"excerpt":{"rendered":"

Tesla stock (TSLA) moved lower on Tuesday even as analysts grew more optimistic about the company’s near-term vehicle deliveries.Shares of the electric vehicle maker fell about 2% in early trading to $402.39, while the broader market was rallying, with the S&P 500 higher by roughly 1.6%.The decline came as SpaceX, Elon Musk’s rocket and artificial…<\/p>\n","protected":false},"author":1,"featured_media":5158,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2],"tags":[],"class_list":["post-5157","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-stock"],"_links":{"self":[{"href":"https:\/\/tradertideinsights.com\/index.php?rest_route=\/wp\/v2\/posts\/5157","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/tradertideinsights.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/tradertideinsights.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/tradertideinsights.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/tradertideinsights.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=5157"}],"version-history":[{"count":0,"href":"https:\/\/tradertideinsights.com\/index.php?rest_route=\/wp\/v2\/posts\/5157\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/tradertideinsights.com\/index.php?rest_route=\/wp\/v2\/media\/5158"}],"wp:attachment":[{"href":"https:\/\/tradertideinsights.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=5157"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/tradertideinsights.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=5157"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/tradertideinsights.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=5157"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}