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BiyaPay Analyst: SpaceX Makes Large Purchase of Tesla Cybertrucks, Musk's Maneuver Boosts Both Companies' Valuation
BlockBeats News, December 19th, due to weak Cybertruck sales and increasing inventory pressure, Tesla is delivering a large number of Cybertrucks to SpaceX, owned by Musk (and xAI). SpaceX has already received hundreds of vehicles, with more expected in the future; however, demand for Cybertruck in 2024 is estimated to be around 39,000 units, but subsequent demand is slowing down.
BiyaPay analysts believe that "internal coordination" will help smooth delivery and emotions in the short term, but it may also raise questions about related-party transactions, actual end-user demand, and valuation sustainability. The stock price still needs to reflect profitability and core business performance. BiyaPay supports USDT trading for stocks, Hong Kong stocks, futures, and other assets.
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