On April 1, Elon Musk submitted a confidential S-1 filing for SpaceX with the U.S. Securities and Exchange Commission, aiming for a public listing as soon as June. This move could redirect investor attention and capital between Tesla and Musk’s space venture, influencing Tesla’s market narrative and valuation expectations.

Perpetual Ltd boosted its Tesla holdings by 67.9% in Q4 to 12,406 shares, NTV Asset Management added 21.7% to reach 9,620 shares, and Thurston Springer Miller Herd & Titak expanded its position by 713.8% to 6,942 shares. These significant purchases reflect growing institutional confidence in Tesla’s long-term prospects despite recent stock volatility.

EMJ Capital’s Eric Jackson highlighted that a technical indicator which preceded Tesla’s 190% rally over 12 months has triggered once more. Historical performance of this signal suggests a potential acceleration in Tesla’s stock momentum, though macro factors and production updates will also play critical roles.

Ongoing rumors of a potential Tesla–SpaceX merger have resurfaced amid market sentiment challenges, raising questions about strategic synergies and management focus. While some investors view a merger as a value-creation catalyst, others worry it could distract from Tesla’s execution on vehicle production and autonomous technology development.