NEW YORK — Shares of Tesla firmed and SpaceX held near record territory on Monday as investors positioned ahead of a packed week for Elon Musk's companies, led by Tesla's planned Roadster unveiling and a steady drumbeat of product launches across the group.
Tesla — NASDAQ: TSLA — has been one of the market's most-watched names this month, and the stock has drawn fresh buyers as catalysts stack up. SpaceX — NASDAQ: SPCX — which now includes xAI following their merger, has pushed deeper into record ground on the strength of its Starlink and launch businesses.
A Catalyst-Rich Week
The near-term focus is Tesla's Roadster reveal set for Oct. 15, an event the company has teased for years and one that tends to concentrate attention on the brand. Traders see the unveiling as a potential sentiment driver into year-end, layered on top of the robotaxi ramp in Austin and the ongoing Optimus build-out.
The momentum follows a run of headlines that have kept both tickers in focus, including the recent reshuffle around Musk's X takeover and the Tesla SI rebrand. The through-line for bulls is that Musk's companies keep converting ambitious roadmaps into shipping products.
Where the Tape Stands
As of Monday, $TSLA was trading near the upper end of its recent range around the high $370s, holding above levels it reclaimed earlier in the month and within sight of a 52-week high near $400. $SPCX continued to trade near all-time highs after its market value stretched a lead of close to $800 billion over Tesla, with investors rewarding Starlink subscriber growth and SpaceX's record launch cadence.
