What Happened
Musk's Space Venture May Lure Investors Away From Electric Car Maker
Elon Musk’s SpaceX is eyeing a historic IPO that could value the company at up to $2 trillion, potentially drawing investors away from Tesla. As Tesla reports earnings, the excitement around the company is muted, with its stock down nearly 12% this year. Musk’s vision for Tesla’s future is increasingly AI-focused, but the company’s pivot is difficult to execute, especially with Musk’s attention divided between Tesla and SpaceX. This story was first reported by Business Insider.