NEW YORK — Shares of Elon Musk's flagship companies held firm this week as investors looked past a quiet stretch of trading toward the fundamental growth stories building underneath — from record energy-storage demand at Tesla — NASDAQ: TSLA — to surging Starlink and AI revenue at SpaceX — NASDAQ: SPCX.
The steadiness follows a strong run of post-earnings action that has kept both names near the upper end of their recent ranges.
Two Growth Engines
The bull case for $TSLA increasingly rests on more than cars. Tesla's energy business is posting record Megapack and Powerwall deployments, a high-margin segment analysts say is still underappreciated in the stock. Layer on the ramp of robotaxis and full self-driving software, and bulls argue Tesla is becoming a portfolio of AI-driven businesses rather than a pure automaker — a shift detailed on Tesla's official energy page.
For $SPCX, the story is Starlink and artificial intelligence. The satellite network keeps adding subscribers while the Super Intelligence unit built around Grok scales quickly, giving SpaceX two fast-growing revenue lines on top of its dominant launch business. SpaceX now includes xAI following the companies' combination, folding Grok directly into the public entity.
The Tape
Tesla — NASDAQ: TSLA — has traded in a tight range in recent sessions after its record third quarter, holding most of its post-earnings gains, with the stock near the upper end of its 52-week range. SpaceX — NASDAQ: SPCX — has been similarly firm, trading close to recent highs as analysts lift price targets following the company's first full quarter as a public company. Broad market gauges such as $SPY and $QQQ have been steady, and AI bellwether $NVDA — a key Musk-ecosystem supplier — remains in focus. Prices move constantly, so treat any level as a snapshot.
