Should Investors Sell Tesla Stock to Buy SpaceX?

A potential SpaceX IPO could change how investors view Tesla stock, offering a direct comparison to another large-scale Musk company. Tesla delivered roughly 1.6 million vehicles in 2025 and has a price-to-sales ratio of 15.6, far ahead of General Motors' 0.4. Investors have valued Tesla as a technology platform with future businesses like robotaxis, autonomous driving, humanoid robots, AI software, and energy infrastructure.