Tesla Falls 1.5% to $390.91 as SpaceX IPO Pricing Looms This Week

According to Youanalyze and the Industry Data Center, Tesla stock dropped 1.5% to $390.91 on Wednesday morning, with shares experiencing swings exceeding 3% on each of three consecutive trading days this week. Market concerns center on potential capital flowing from Tesla to SpaceX as CEO Elon Musk's space company prepares to complete IPO pricing this week, with the offering expected to raise $75 billion at a valuation of $1.75 trillion, making it one of the largest IPOs on record.
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