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Tesla On Top? Kobeissi Letter Says EV Giant On Track For $1.5 Trillion Valuation Amid SpaceX IPO: 'Elon Musk Has Done It Again' - Tesla (NASDAQ:TSLA)
Benzinga· 2025-12-16 07:45
Group 1: Tesla's Market Position and Valuation - Tesla Inc. has added over $850 billion in value since April 2025, reaching a market capitalization of over $1.58 trillion, making it the largest automaker globally, ahead of competitors like Toyota and BYD [2][3] - The stock price of Tesla increased by 3.56% to $475.31 at market close, although it saw a slight decline of 1.20% in after-hours trading [2] - Tesla's market share in the EV sector has surpassed 55%, despite a 23% decline in U.S. sales during November due to regulatory challenges and decreasing EV demand [5] Group 2: CEO Compensation and Future Prospects - Elon Musk's newly approved pay package is tied to Tesla achieving specific milestones, including valuation and Robotaxi deployments, which could result in significant compensation for him [4] - The testing of a Model Y Robotaxi without occupants indicates progress in Tesla's self-driving initiatives, with plans for deployment by the end of the year [6] Group 3: SpaceX Developments - SpaceX is preparing for an IPO next year, with a potential valuation of $1.5 trillion being discussed [7] - The company has received approval to build a new launch complex in Florida and is exploring a mobile carrier future for its Starlink satellite internet service [8]