How Tesla Stock Could Get a Boost From SpaceX Earnings -- Barrons.com

By Al Root

Tesla stock wobbled, then rose on Tuesday, as it tried to extend its rebound from a recent selloff.

Shares opened at almost $330 but slid as low as $320.79 before settling around $328, up 1.8% in late trading, while the S&P 500 and Dow Jones Industrial Average rose 2.1% and 2%, respectively.

The market helped. So did SpaceX. Its shares were up 8.4% in late trading, putting the stock pace for its best gain since a 19.6% gain on its second day of trading.

That move came just before SpaceX's first earnings report. Elon Musk's rocket and AI company reports results on Tuesday evening. SpaceX shares have been weak coming into the report, down almost 50% from an all-time high of $225.64.

A strong report could give SpaceX shares a boost. It probably wouldn't be a bad thing for Tesla stock either. SpaceX and Tesla are linked, of course, by Musk, but they are also collaborating on AI applications and a semiconductor manufacturing plant. Any update on chips or the AI digital assistant SpaceX is creating, which would use computing power from idle Tesla vehicles, could move the EV maker's shares.

After SpaceX, investors will be looking for Tesla to show progress on its own AI efforts, including robot production and expansion of Tesla's robo-taxi service.

Tesla launched an AI-trained robo-taxi service in Austin, Texas, in June 2025. The rollout to other cities, with more cars, has been slower than expected. Investors would like to see that business scale soon and contribute earnings and cash flow to the car maker.

Tuesday's move for Tesla stock came after a 3.5% Monday gain. It was the share's third consecutive gain, cutting into recent losses. Before shares turned positive, they dropped for six consecutive days. Weaker-than-expected second-quarter earnings were the catalyst. Monday's move still left Tesla shares down about $52, or 14%, below the pre-earnings level.

Write to Al Root at allen.root@dowjones.com

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August 04, 2026 15:57 ET (19:57 GMT)