Tesla Rebounds 4.6% as SpaceX IPO Trading Begins on June 12

According to Barron's, on June 11, Tesla stock rose 4.6% to $399.15 after SpaceX completed its record-breaking initial public offering allocation process. The company allocated approximately 30% of the IPO shares to retail investors, a significantly higher proportion than typical offerings. SpaceX raised about $75 billion in this offering.

Tesla had declined nearly 10% over the prior week as some investors sold positions to fund SpaceX IPO purchases. However, analysts noted the actual impact may be limited; Tesla's broader losses align with an approximately 6% decline in the Nasdaq index over the same period, and Tesla historically exhibits higher volatility than broader market moves.