Two Musk companies. Two very different spending pictures.
SpaceX’s capital expenditure is forecast to exceed revenue until late 2028, driven largely by AI infrastructure for xAI and X. The quarterly gap is projected to peak at $23 billion in Q3 2027.
Tesla’s revenue, meanwhile, is expected to stay above capex as it invests in robotaxis, Optimus and chip production.
The graph shows how their investment plans compare, and when SpaceX’s revenue is forecast to catch up.
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Short answer: the low percentile tells you IV is cheap relative to its own history, but it does not by itself make options a cheap entry. The IV/HV ratio of 1.34 says the opposite — options are priced at a premium to realised volatility right now, and the stock just moved 5.97% in a single session.
What the data actually shows
Metric Value As of
TSLA spot 394.44 USD (+5.97% on the day) 2026-10-27
30-day IV 44.32% 2026-10-26
30-day IV percentile 8.76% (52-wk window) 2026-10-26
IV rank 9.53 2026-10-26
30-day HV 33.10% 2026-10-26
IV/HV ratio 1.34 2026-10-27
Chain IV ~51.5% 2026-10-27
Chain expected move ~10.6 (points) 2026-10-27
Over the trailing 52 weeks, IV has ranged from 41.49% (2026-08-12) to 71.15% (2025-11-06), with a mean of 50.16% and median of 49.60%. At 44.32%, IV sits in the bottom decile of that distribution — that part of your premise checks out.
Why "low percentile" is not the same as "cheap"
1. IV is a