Elon Musk can almost stop worrying about the value of Tesla’s (NASDAQ: TSLA) stock. His net worth has started to be concentrated in two massive private companies. One is SpaceX, the largest rocket company in the world. The other is xAI, which is the odd combination of his social media business and his AI operations.Because of faltering sales and a troubling personal image which has alienated some buyers, Tesla’s stock has fallen from an all time high of $436 in early December of last year to $315. The stock is still up 204% in the last few years while the S&P 500 is 96% higher. Many analysts believe the stock price cannot run back up to $400 or more until Musk proves that Tesla is the world’s clear leader in truly self-driving cars. SpaceX has two reasons for a tremendous valuation: the $400 billion figure is based on a current round of financing. This figure is up from $350 billion in December. SpaceX remains the premier provider of rockets that sling people and satellites into space. He has also used his rockets to build a satellite based broadband network that will soon be able to be accessed from everywhere in the world. xAI is a merger Musk engineered between his social media company X (formerly Twitter) which he bought in April 2022 and his AI operation, xAI. He paid $44 billion for Twitter. However, advertisers started to pull away from using the platform and the value collapsed. Is time to buy Tesla stocks ?
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