Thread regarding Tesla (TSLA) stock

SpaceX went public and now I'm confused

The stock has been sliding, down about eight percent over the last month and sitting around $406. Then SpaceX went public last week and now everyone is talking about that instead. Tesla owns 19 mil shares of SpaceX, so a big move there affects Tesla whether you like it or not. But now retail investors can just buy SpaceX directly if they want to bet on Musk's space and AI dreams, without taking on a struggling car business to get there. Some people are even talking about a potential merger between the two companies. So I am holding a car company that also owns a chunk of a space company, and the CEO just became a trillionaire mostly because of that other company. I am not even sure what I am supposed to be evaluating anymore.

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