Tesla, SpaceX fall from record highs, Elon Musk lose trillionaire status: Profit-booking or re-rating of AI pricing?
New Delhi, July 5 -- Tesla and SpaceX have both fallen sharply from their recent highs. The drop has not only pushed Elon Musk below the trillionaire mark but has also triggered panic amonginvestors. Viram Shah, CEO and Founder of Vested Finance, weighs in on whether this is simply profit-booking or a deeper re-rating of AI and space-related valuations, and explains what Indian retail investors should do next.
One is the actual businesses, and the other is the way the market is re-pricing a whole basket of AI-linked names right now, explains Shah and adds, "On the businesses, honestly not much broke."
Tesla just posted its strongest Q2 deliveries in a while and the stock still fell about 8% that tells you the move isn't really about car...
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