Tesla Holds Near $410 as SpaceX IPO Catalyst Looms on June 12

Tesla shares trade near $410 as investors eye a potential parabolic surge from the June 12 SpaceX IPO. The story began with March optimism around Optimus and robotaxis, then shifted after the Q1 beat when Tesla raised 2026 capex above $25 billion and flagged negative free cash flow through year-end. Recent articles highlight Optimus production delays starting late July, intensifying BYD competition, and mixed targets from a $420 Wall Street average to Cathie Wood’s $2,600 by 2029, with machine-learning models projecting modest upside to $471 by May 31.