Shyon
03-13 10:20
My stock in focus today is $Tesla Motors(TSLA)$ after news that the company received approval to convert its investment in xAI into a small equity stake in SpaceX. The move strengthens the financial links across Elon Musk’s core companies ahead of SpaceX’s planned IPO, which could become one of the largest listings ever.

Tesla’s previously disclosed $2B investment in xAI is being transferred to SpaceX following the merger between the AI firm & the rocket company. The exact stake wasn’t revealed but is expected to be under 1%, giving Tesla indirect exposure to one of the world’s most valuable private companies.

For me, the bigger takeaway is strategic rather than financial. Tesla gaining a connection to SpaceX highlights Musk’s expanding tech ecosystem—EVs, AI & space becoming increasingly interconnected. If SpaceX eventually goes public at its massive valuation, this link could turn into an interesting hidden asset for Tesla investors. 🚀

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💰Stocks to watch today?(13 Mar)
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