BiyaPay Analyst: SpaceX's Large-Scale Purchase of Tesla Cybertrucks Boosts Valuations of Both Companies (Musk's Strategy)

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According to ME News, on December 20th (UTC+8), due to weakening Cybertruck sales and rising inventory pressure, Tesla is delivering a large number of Cybertrucks to SpaceX (and xAI), owned by Elon Musk. SpaceX has already received hundreds of vehicles, and more may follow. The Cybertruck sales target for 2024 is approximately 39,000 units, but subsequent demand is expected to slow. BiyaPay analysts believe that "internal synergy" will help smooth deliveries and market sentiment in the short term, but it will also raise questions about related-party transactions, genuine end-user demand, and the sustainability of valuations. The stock price still needs to be validated by earnings and core business performance. BiyaPay supports USDT trading of US stocks, Hong Kong stocks, and futures. (Source: ME)

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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.

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