NEW YORK — Shares of Elon Musk's two marquee names drifted higher into Wednesday's close, with investors positioning ahead of Tesla's third-quarter delivery report due Thursday. Tesla — NASDAQ: TSLA — and SpaceX, which trades as NASDAQ: SPCX and now houses xAI after this year's merger, both finished the session in the green as traders braced for one of the quarter's biggest catalysts.
The calm tone marked a steadier footing after weeks of choppy trading, with $TSLA and $SPCX each catching a bid as the delivery print came into view.
Setting Up for the Delivery Print
Thursday's numbers are the main event. Options markets have been pricing an outsized reaction, a dynamic laid out in our look at the implied move around the Q3 delivery print. A strong figure would validate the demand signals Tesla has flagged into quarter-end; a soft one could keep pressure on the stock until the earnings call fills in the margin picture.
Either way, the setup favors movement. With the broader market near highs and sentiment improving, a delivery beat could give $TSLA room to run.
Where the Tape Stands
As of the Wednesday close, $TSLA changed hands around $384, up roughly 1.4% on the day, trading within a 52-week range of about $182 to $488. $SPCX firmed near $152, up about 1%, off a 52-week band of roughly $95 to $168 — still working through a mid-year drawdown even as its longer-term story strengthens. Investors can track live quotes for Tesla on Yahoo Finance, Google Finance, the WSJ market-data page and Nasdaq, and for SpaceX on Yahoo Finance, Google Finance, the WSJ and Nasdaq.
