Elon Musk-led commercial spaceflight giant SpaceX's IPO could become a problem for Tesla Inc.
(NASDAQ:TSLA) investors and shareholders as the market readies itself for the June IPO date.
Muskonomy The upcoming IPO could take investors' appetite away from Tesla and onto SpaceX, while also shifting Musk's efforts and focus from the EV giant, experts cited by Bloomberg on Thursday said.
"This cannot be a positive for Tesla," Joe Gilbert, a portfolio manager at Integrity Asset Management, cited in the report, said, expressing concern for Tesla shares.
Read Also: Elon Musk's Tesla Army Faces Space X IPO: Will Capital Rotate From TSLA Into SPCX?
