The speaker notes that Tesla’s share price has fallen below $400 while the broader market (S&P 500, Nasdaq, Bitcoin, gold, etc.) is also down, attributing the sell‑off to an overextended rally that needs a normal retracement rather than an AI bubble. They have bought more Tesla on the dip (under $400) and plan to keep holding, arguing that anything above $400 is fairly valued long‑term. Much of the current market pressure is linked to speculation that investors are raising cash to buy SpaceX shares ahead of its IPO, given SpaceX’s tiny float (≈4 %) and insider lock‑up periods, which could drive the stock up sharply. The speaker expects the market to stay weak until the SpaceX IPO, after which the stock may continue rising unless insiders start selling, and suggests using the fear‑induced dip to dollar‑cost average into positions, while also hinting at a possible future SpaceX‑Tesla merger that could boost Tesla’s price.
1. Tesla stock is below $400 for the millionth time.
2. Bitcoin is down.
3. Gold is down.
4. Nvidia is down.
5. Nasdaq is down.
6. S&P 500 is down.
7. Everything is down.
8. Tesla has not hit an all‑time high while other assets have.
9. The speaker sold all of his Tesla stock.
10. The speaker is getting ready to buy SpaceX stock.
11. The speaker bought more Tesla stock yesterday on the big dip.
12. The speaker has stopped buying Tesla stock above $400.
13. The speaker has already made a video about that.
14. SpaceX’s IPO float is only 4%.
15. Insiders cannot sell SpaceX stock for 90 to 180 days after the IPO.
16. Those who requested SpaceX stock pre‑IPO cannot sell for 90 to 180 days.
17. Since March, the S&P 500 has risen about 20% before the recent decline.
18. Since March, the Nasdaq has risen over 30% before the recent decline.
19. Micron’s market cap reached $1 trillion.
20. Jensen Huang stated that Marvell is a next‑trillion‑dollar company.
21. On Friday, the S&P 500 fell, the broader market declined, and roughly $2 trillion of value was wiped off.