Tesla Shares Slide Amid SpaceX Proxy Concerns

By EC Assets · Published 22 June 2026

Tesla shares declined on Monday. The stock was trading at $394.73 before the market open, representing a decrease of $5.76 from Friday’s closing price of $400.49. This marks a 1.44% slide in valuation. The decline follows a Jefferies note that highlighted a structural concern for the company. This concern is the risk that Tesla could become primarily a proxy for SpaceX, potentially reshaping how financial markets price the stock. Analysts are increasingly considering this factor. Tesla and SpaceX have been subjects of speculation regarding a potential merger. Such a merger could create a company large enough to challenge Nvidia Corp. for the title of the world's most valuable company. Other companies also saw stock movements. Ocado stock slid 2.4% to trade at 176.4p on Monday. Umicore stock fell 2.3% to trade at €22.30 after a downgrade from Berenberg. Strategy shares are also sliding, as Bitcoin pulled back after Federal Reserve signals weighed on risk assets. Bitcoin slid under $63,000. This article is intended for informational purposes only. It does not constitute investment advice.