Tesla dips down nearly 4% before bouncing back a bit

Tesla, a stock known for sometimes trading on vibes, was down nearly 4% today after observers noted that the electric-vehicle company was offering discounts on its Cybertruck. Last year Tesla sold roughly 40,000 of its apocalyptic-looking newest model — a far cry from the million-plus reservations the vehicle received. Even still, those sales helped stanch even bigger losses in the US. Tesla’s largely aging vehicle lineup has been under intense pressure from new entrants to the EV market like Ford, GM, and Honda.

Of course, yesterday, amid a bunch of bad news, the stock was up 8%, so take any Tesla news with a grain of salt. As of 1:10 p.m. ET, the stock is still down over 3%.

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SpaceX gets a wave of bullish ratings from Wall Street analysts

SpaceX received more than a dozen positive analyst calls on Tuesday — including from major Wall Street banks — as they initiate coverage on Elon Musk’s space and AI company.

SpaceX went public on June 12 at a $2.2 trillion valuation, the largest debut in history. While the company hasn’t yet posted a profit, it seems to have convinced Wall Street that it will get there and grow its valuation on the way.

Of the at least 17 analysts that gave a rating on Tuesday, all but one gave it a “buy” or “outperform” rating. MoffettNathanson was "neutral."

The ratings come as SpaceX joined the Nasdaq 100 index, a benchmark tech-heavy basket of companies that underpins millions of portfolios. The inclusion adds built-in demand for the stock from index funds and ETFs.

Still, SpaceX fell more than 5% on Tuesday amid a broader sell-off, and is currently effectively flat from its opening price of $150 a share.

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