BiyaPay Analyst: SpaceX makes large purchases of Tesla Cybertruck, Musk manipulates to boost the valuations of both companies

BlockBeats News, December 19 — Due to weak Cybertruck sales and rising inventory pressure, Tesla is delivering a large number of Cybertrucks to SpaceX (and xAI) under Elon Musk. SpaceX has received hundreds of units, with further increases possible; meanwhile, approximately 39,000 Cybertrucks are expected to be sold in 2024, but subsequent demand is slowing down. BiyaPay analysts believe that “internal coordination” can help smooth deliveries and sentiment in the short term, but it may also raise questions about related-party transactions, genuine end-user demand, and the sustainability of valuations. The stock price still needs to be validated through profitability and core business performance. BiyaPay supports USDT trading for US stocks, Hong Kong stocks, futures, and other assets.

View Original
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to Disclaimer.
Comment
0/400
No comments
Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate App
Community
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)