It hasn’t been the best of times for Tesla, which has seen its share price fall by ~10% this year. The company’s 358,023 deliveries in Q1 2026 were down from the 418,227 that it reported in Q4 2025 (though this was an increase of 6% year-over-year).
The company’s energy business also experienced a sequential decline, with 8.8 GWh in energy storage products deployed representing a 38% dip from the previous quarter. It seems clear that much of the Tesla story remains centered on the company’s AI-related bets, such as robotaxis and robots.
While it doesn’t have a direct impact on Tesla, top investor Daniel Sparks notes how the SpaceX development could change the way some may seek to travel along with Musk and his ambitions.
“Anyone who wants exposure to his space and AI dreams can now simply buy SpaceX, without taking on a struggling car business to get it,” states the 5-star investor, who is among the top 1% of stock pros covered by TipRanks and writes for The Motley Fool.
And yet, Sparks also points out that Musk’s riches don’t have a material impact on Tesla. For instance, his wealth doesn’t directly change the company’s EV deliveries or move the needle on the robotaxi endeavor.
