SpaceX若上市，特斯拉的“马斯克溢价”还能撑多久？

Core Viewpoint - SpaceX's IPO plan may challenge the long-held "Musk premium" associated with Tesla stock, potentially reallocating funds that were previously concentrated in Tesla due to investor support for Musk's vision rather than the automotive business itself [1][2] Group 1: Tesla's Current Situation - Tesla's stock price has increased nearly 20% in the past month and has a year-to-date gain of over 27%, with a forward P/E ratio of approximately 220, ranking second among S&P 500 constituents [1] - Despite the rising stock price, Tesla faces concerns regarding slowing sales growth and declining profitability, compounded by a tightening regulatory environment and reduced consumer spending on automobiles [5] - Analysts express skepticism about Tesla's current valuation, with some stating it lacks fundamental support, leading to significant sell-offs by certain investment firms [5] Group 2: Impact of SpaceX's IPO - The potential IPO of SpaceX is expected to exert selling pressure on Tesla's stock, as some investors primarily hold Tesla shares to gain exposure to Musk's vision rather than its automotive business [6] - Conversely, historical trends suggest that significant milestones for Musk's companies can enhance market sentiment for related firms, potentially attracting more investors to the ecosystem [6] - Analysts note that Tesla's stock price has already been influenced by expectations surrounding SpaceX's IPO, highlighting strategic synergies between the two companies, such as Tesla's Optimus robot aiding Mars colonization and SpaceX's Starlink enhancing vehicle connectivity [6]