No, $tsla is being kept in the $350-$400 range because $spcx is very likely planning an imminent bid, and $tsla in this range and $spcx at ~$160 makes sense for a bid without too much dilution.

Tesla Shares Under Pressure After SpaceX IPO

For 15 years $Tesla Motors(TSLA)$ was investors' sole public vehicle for exposure to Elon Musk; since $SpaceX(SPCX)$ began trading in June, Tesla shares have come under pressure. In the three months...
Tesla Shares Under Pressure After SpaceX IPO

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